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Detroit Mayor Mike Duggan hired former New York City budget director Carol O'Cleireacain as a deputy mayor. She will find new revenue, work on the city's emergence from bankruptcy and on the restructuring of its massive water and sewer department.
October 16
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Officials in Wayne County, Mich., are contemplating the fate of a half-built, bond-financed jail in downtown Detroit that has been abandoned for more than a year amid major cost overruns and an FBI investigation.
October 15
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More city finance officers reported improved fiscal conditions in fiscal 2014 than in the 29-year history of the National League of Cities' city fiscal conditions survey. However, the cities are still not fully recovered from the economic recession, the NLC said in its report on the survey.
October 14
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Attorneys for bankrupt Detroit and bond insurer Financial Guaranty Insurance Co. said in court that they plan to finalize an agreement by Thursday, a move that would mean the city would have support from all major creditors for its bankruptcy exit plan.
October 14 -
Treasury Secretary Jack Lew says there is a growing bipartisan consensus in Congress on long-term federal transportation spending.
October 14
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Triet Nguyen and Chris Foster discuss their quantitative approach to munis, how they are getting cross-over investors interested in municipal bonds, and why they are looking at the military housing sector.
October 14 -
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State debt issuance has been below average and is likely to remain restrained in the near future despite the fact that infrastructure needs are large, Standard and Poor's said in a report released Monday.
October 13 -
More than $6 billion of long-term new issuance is expected to arrive in the primary market this week, led by a $1.1 billion New York State Dormitory Authority financing that should be highly sought-after by supply hungry investors, municipal traders said on Friday.
October 12
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The new regional authority taking over Detroit's Water and Sewerage Department should be a positive for holders of existing DWSD debt, Moody's Investors Service said Friday.
October 10 -
A deal to create a new bond-issuing authority to take over the troubled Detroit Water and Sewerage Department advanced this week with the remaining counties approving the plan.
October 10 -
Other Post Employment Benefit liabilities, particularly retiree healthcare, could overtake pension liabilities as an issue for municipalities and investors,
October 10 -
Half the states are trying to minimize the impact of climate change on public infrastructure but others are far behind, the Georgetown Climate Center said.
October 10
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