- Michigan
Michigan needs to increase funding to adequately meet the states education needs, a new research report warns.
August 10 - Michigan
A $70 million injection of private capital from local philanthropists will boost Kalamazoo, Michigan, said Moodys Investors Service.
August 9 - Michigan
The Great Lakes Water Authority is preparing its first bond issues since launching on Jan. 1, when it assumed Detroits $5.5 billion water and sewer debt portfolio and took charge of regional water management.
August 9 - Michigan
Detroit Public Schools' $212 million of state aid-backed bonds received a downgrade to junk from S&P Global Ratings.
August 4 -
A compromise agreement to put a tax hike on the November ballot that would help fund a $4.7 billion mass transit funding package for Southeastern Michigan could be voted on Thursday.
August 3 -
The Southeast Michigan Regional Transit Authority failed to secure enough votes to put a 20-year transportation millage on the Nov. 8 ballot in a vote taken this week.
July 29 - Michigan
Investor appetite for yield overcame any credit quality concerns buyers had as Detroit saw strong demand for its first post-bankruptcy general obligation/distributable state aid backed bond sale issue.
July 28 -
Detroit, already facing headwinds with its first post-bankruptcy general obligation/distributable state aid backed sale, could suffer some spill due to the states disruption of a similar security on some of Detroit Public Schools' bonds, one municipal market participant suggested.
July 27 -
The authority that runs Detroit's main airport is on the hunt for a new leader following chief executive officer Thomas Naughton's decision to retire this fall.
July 25 - Michigan
With all governmental approvals and ratings in hand, Detroit expects to be in the market soon with its first post-Chapter 9 general obligation state distributive aid backed borrowing.
July 22