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A Michigan board has authorized key pieces of the $617 million restructuring of the Detroit Public Schools amid lingering market questions over the fate of the district's bonds.
July 20 -
Detroit announced plans to pay for higher contributions to its public safety pension fund by hiring fewer firefighters.
July 15 -
Negotiations continue on a proposed restructuring of $190 million of debt Lombard, Illinois issued for a hotel and conference center, amid a fresh default.
July 11 -
Congressional action on transportation helped spur an upgrade for some outstanding Michigan Garvee bonds ahead of a $613 million refunding deal.
July 8 - Michigan
With its books restored to order, Wayne County, Mich., says its ready to return to the market with $200 million of borrowing to complete its unfinished jail project in downtown Detroit.
July 7 - Michigan
Benton Harbor, Michigan has won release from state oversight.
July 5 - Michigan
In Michigan it's not just Detroit Public Schools that have fallen victim to the state's population decline. Statewide shrinking enrollment coupled with the expansion of charter schools has stretched state aid dollars and damaged school credit.
June 28 -
Detroit got the all clear from the city's Financial Review Commission to move ahead with a refunding of $660 million of general obligation debt.
June 28 - Michigan
Wayne County, Mich. took a big leap toward leaving junk territory, winning a four notch upgrade from Fitch Ratings 10 months after entering into a state consent agreement to turn around its finances.
June 22 - Michigan
Detroits proposed refunding of $660 million of general obligation debt now moves to the citys fiscal oversight commission for review after winning City Council approval.
June 22