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Michigan's new revenue and economic forecast add billions onto existing surplus projections but officials also warn of looming economic headwinds.
May 23 -
The bulk of the first tranches of the $15 billion of IIJA funds will likely be used to figure out where lead lines are located, so states and water systems can determine the scope of the problem.
May 19 -
ProMedica's senior living division has suffered deep pandemic-related fiscal wounds while its hospitals' recovery was set back by the Omicron variant.
May 16 -
If state and local governments make progress on social problems with federal relief funds, it could be credit positive for them, Moody’s Investors Service said.
April 28 -
BHSH brings almost $1.5 billion of bonds to refund Beaumont's debt and raise some new money. The new system keeps Spectrum's higher legacy ratings.
April 26 -
The $4.7 billion spending plan draws heavily from federal relief packages
March 30 -
S&P's upgrade moved Detroit's unenhanced GO rating higher in the speculative grades but also lifted a portion of its priority lien debt to investment grade.
March 15 -
This month the University of Michigan sold $1.2 billion and Michigan State University sold $500 million of taxable 100-year bonds.
March 14 -
Moody's rewarded Detroit's strides in keeping its books balanced and building reserves with an upgrade that leaves it two notches below investment grade.
March 9 -
The city says it can't afford a pension fund change that forces it to pay down unfunded liabilities more quickly; it may also lobby state lawmakers.
March 8