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Michigan is paying down debts of six local school districts – two of which have closed or merged with neighbors – including outstanding bond balances.
December 26 -
The deal has new-money and refunding components and is expected to hit the market in a negotiated sale the week of Nov. 13.
October 31 -
October's total volume rose 29.3% to $37.156 billion in 661 issues from $28.738 billion in 614 issues a year earlier. New-money grew more than 30% while refundings were up by nearly 75%.
October 31 -
Gov. Gretchen Whitmer chose Jen Flood, her deputy chief of staff, to replace Chris Harkins who is leaving state government later this year.
October 26 -
Although the strike shouldn't "have significant adverse revenue consequences for Michigan or its local governments, it nevertheless highlights longer-term challenges for a state that is still disproportionately exposed to the domestic auto and auto parts industries," Moody's says.
September 20 -
The city cites stronger tax collections, continued economic growth and stability, and revenue sharing increases provided in the state budget.
September 15 -
The EPA failed to follow an escalation policy that was crafted in the wake of the water crisis in Flint, Michigan.
September 11 -
Despite this, August saw the largest monthly volume of 2023, helped by several billion-dollar deals and multiple Texas school district deals.
August 31 -
Issuers in the Midwest sold $32.6 billion of debt spread over 1,223 deals in the first half, down from $40.5 billion a year earlier.
August 22 -
The State Trunk Line Fund deal is the latest to fund the state's $3.5 billion bond authorization for highways. After this deal $700 million remains.
August 22