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An uptick in new money borrowing fell far short of making up for a decline in refundings.
August 24 -
Mayor Mike Duggan dodged what he considered a $2 billion fiscal bullet in the form of charter revisions as he heads to a November run-off seeking a third term
August 4 -
The Michigan Supreme Court sided mostly with the state in a dispute over whether it was meeting local funding obligations under the Headlee Amendment.
August 3 -
Michigan is bringing $855 million of state trunk line fund bonds to market Tuesday for road and bridge projects.
August 2 -
Detroit Mayor Mike Duggan warns the revisions threaten the city's post-bankruptcy fiscal progress, but the charter commission calls the claim greatly exaggerated.
July 30 -
The Great Lakes Senior Living Communities is working with holders of its $380 million of debt to raise funds for needed capital expenses
July 22 -
SWS Capital Management, which manages the Clear Vision Impact Fund, has hired a Detroit-based analyst/investor.
July 21 -
Moody's Investors Service upgraded the county — home to Detroit — A3 from Baa1 while also elevating its rating outlook to positive.
July 9 -
The state's court is weighing whether to allow a public vote on proposed charter revisions that Mayor Mike Duggan warns could trigger a fiscal crisis.
July 7 -
Michigan's fiscal recovery led S&P Global Ratings to lift its rating outlook to stable from negative. Fitch boosted its outlook to positive earlier this month.
July 1