State of Michigan

Top-quality municipal bonds ended weaker on Monday, according to traders, who were looking ahead to a $7.42 billion new issue slate dominated by deals from New York City and Maryland.

Municipal bonds were weaker, traders said, as they look to the $7.42 billion new issue slate, headed by deals from New York City and Maryland.

Municipal bond traders were returning to their desks on Monday and looking ahead to the week’s $7.42 billion new issue slate, which will be dominated by big bond deals from New York City and Maryland.

S&P Global Ratings cited improved employment and demographic indicators, and projected growth in reserve levels.

State officials say they are prepared for increased pressure on its $10 billion general fund.

A federal judge appointed an attorney to facilitate an agreement between Flint and the Michigan Department of Environmental Quality.

Pontiac and Lincoln Park, two Michigan cities, gain control over their internal operations and finances.

Detroit will sell 36 city-owned parcels of land for the Gordie Howe bridge project.

The sales tax breaks on car trade-ins comes at too great a price for the state.

The cost is tied to water costs under current contract and covering its KWA bond obligation.

Moody's says the legislation will be credit positive for school districts and the state.

The downgrade affected $38.4 million of general obligation debt.

CIty Council members delayed voting on a proposal by the city’s mayor that would extend the contract for 30-years.

Legislation to overhaul retirement benefits for Michigan teachers will make it easier to predict pension costs, S&P said.

Michigan lawmakers approved fundamental changes to retirement benefits for teachers.

The Michigan Senate and House approved changes to the teachers’ pension system as part of a state budget deal.