- Michigan
Flint, Michigan wont walk away from its participation in the $285-million bond financed pipeline the Karegnondi Water Authority is building to deliver water to the city, a decision aided by state help and other concessions, Mayor Karen Weaver said Tuesday.
June 21 - Michigan
Allen Park, Michigan is readying a conversion of $16.7 million of debt from a short-term to a long-term structure in a move designed to help it climb back toward investment-grade territory after a disastrous venture into a movie studio.
June 17 -
Kevyn Orr, who put Detroit into bankruptcy, said Chapter 9 is an option Chicago should have on the table as it steers its way through financial problems.
June 16 - Michigan
Detroit plans to refund more than $600 million of general obligation bonds for savings in a deal that would mark its first GO sale since exiting its historic Chapter 9 in late 2014.
June 15 -
The University of Michigan will sell $300 million of high grade commercial paper next week to fund ongoing capital projects and refund debt.
June 13 - Michigan
Wayne County, Michigan's fiscal progress landed it a positive ratings credit outlook from S&P Global Services that brings it closer to returning to investment grade.
June 10 -
Michigan lawmakers finalized a controversial Detroit Public Schools restructuring package that is supposed to rescue the struggling system from insolvency.
June 9 - Michigan
In better financial health, Inkster, Mich., will earn its release from a state-mandated emergency consent agreement by the end of the month.
June 8 -
A compromise package to rescue Detroit Public Schools from looming insolvency at a cost of $617 million is headed to the state Senate.
June 3 - Michigan
Warren Evans, County Executive of Wayne County, Michigan, plans to use proceeds of the countys wastewater treatment center on pension debt.
June 2