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After making strides in recent years to reduce a structural budget imbalance, South Dakota is now focused on offering new incentives and improving infrastructure to attract what officials hope will [...]

North Dakota lawmakers this year are grappling with proposed tax cuts and a revamping of funding for K-12 schools, but also are considering measures to boost the state's economy with [...]

Public power and housing dominated issuance last year for Nebraska, with power districts using new structures to fund projects as the state gears up for what could be an influx [...]

Indiana continued its exploration of public-private partnerships with the start of the legislative session this year, as the state finalized a busy year that saw the largest transaction for a [...]

Standard & Poor's yesterday revised its outlook to positive from stable for outstanding Series 1993A bonds issued by the Lorain County Elderly Housing Corp. on behalf of the International Plaza [...]

Standard & Poor's last week downgraded $40.8 million of outstanding Series 1993 bonds issued by the Pontiac Hospital Finance Authority for the North Oakland Medical Center to B from BB-minus. [...]

CHICAGO -- Michigan Gov. Jennifer Granholm proposed a host of tax increases, including some on services, and some $300 million of spending cuts yesterday as she laid out plans for [...]

CHICAGO -- The Nebraska Public Power District plans to issue $94 million of taxable auction-rate revenue bonds in the coming weeks to fund upgrades to its Cooper Nuclear Station. The [...]

Fitch Ratings last week upgraded FirstEnergy Corp.'s issuer default and senior unsecured debt ratings to BBB from BBB-minus. Late last year, FirstEnergy issued about $877 million of tax-exempt refunding bonds [...]

Melina Kennedy, the former deputy mayor of Indianapolis, joined the law firm of Baker & Daniels LLP this week. Kennedy joined the firm as a partner Monday. She will focus [...]

CHICAGO -- Cook County Board President Todd Stroger yesterday appointed chief financial officer Tom Glaser to a new position as the chief operating officer of the Bureau of Health -- [...]

CHICAGO -- Michigan must restructure its tax system to 'immediately increase revenues' to address a structural deficit that has built up over years, according to a panel that released its [...]

CHICAGO -- Fitch Ratings assigned its AA rating to the Metropolitan Utilities District of Omaha's natural gas utility last week as the district puts the finishing touches on an upcoming [...]

A $43 million of highway improvement bond sale planned for today by the Butler County Transportation Improvement District has been rated A1 by Moody's Investors Service and A-plus by Fitch [...]

Fitch Ratings last week upgraded its underlying rating for $53.6 million of bonds issued by the Nebraska Investment Finance Authority on behalf of the Children's Healthcare Services Obligated Group. The [...]

CHICAGO -- Fitch Ratings on Friday lowered Michigan's rating, as Moody's Investors Service changed its rating outlook for the state to negative from stable. Fitch lowered its rating on $1.6 [...]

CHICAGO -- The Indiana General Assembly is reviewing proposed changes in legislation that would give Indianapolis officials the flexibility they are hoping for to issue $450 million of pension obligation [...]

Moody's Investors Service on Monday upgraded Douglas County to Aa1 from Aa2, affecting $31.8 million of general obligation refunding bonds set to sell this week and $99.1 million of outstanding [...]

Standard & Poor's last week downgraded $8.7 million of debt issued by the Chippewa County Hospital Finance Authority, dropping the rating into junk territory. The agency dropped outstanding 1997 revenue [...]

CHICAGO -- Michigan officials said last week that filling a $819.3 million budget shortfall for 2007 will play a key role in the way that the state manages the upcoming [...]

CHICAGO -- NatCity Investments Inc., said yesterday it plans to close its Detroit office just a year and a half after it hired several veteran Michigan bankers to open the [...]

CHICAGO -- Indiana Gov. Mitch Daniels delivered his state of the state address this week and reiterated his objective to use public-private partnerships to bring in funds for some state [...]

The Gary/Chicago Airport could grow to the size of the Indianapolis Airport over the next 20 years, according to an analysis conducted by Policy Analytics LLC. The report by the [...]

Gov. Jennifer Granholm has appointed a panel of experienced professionals to review the state's financial situation and make recommendations on how to avoid future budget problems. The Emergency Financial Advisory [...]

CHICAGO -- Newly elected Cook County, Ill., Board President Todd Stroger introduced his first budget yesterday - a $3 billion fiscal 2007 spending plan that looks to debt restructuring, spending [...]

CHICAGO -- A Nebraska Supreme Court ruling Friday in favor of Omaha allows for the city to proceed with annexing nearby Elkhorn, ensuring options for future growth and expanding its [...]

CHICAGO -- Citing a relatively obscure federal law that she said would prompt the state's Medicaid reimbursement to be reduced, Michigan Gov. Jennifer Granholm this week vetoed a bill that [...]

CHICAGO -- Standard & Poor's this week lowered its rating two notches to junk status for about $178 million of bonds issued through Mahoning County, Ohio, on behalf of Forum [...]

CHICAGO -- The Indiana Health and Educational Facility Financing Authority has dropped its annual fees for issuers, shifting to a one-time fee that should save borrowers money. Health and educational [...]

Standard & Poor's last week revised its outlook to positive from stable for A-rated bonds issued on behalf of the University Hospitals Health System Inc. as it embarks on the [...]

The Catholic Healthcare Partners announced last week that it hired James Gravell as its new chief financial officer this year to replace retiring CFO William Shuttleworth. The shift comes as [...]

CHICAGO -- North Dakota Gov. John Hoeven last week delivered his state of the state address, citing a strong economy as an opportunity to reduce taxes and revamp the funding [...]

CHICAGO -- Indiana last week set a deadline of Jan. 29 for the receipt of bids to license the state lottery -- a proposal that is expected to be the [...]

CHICAGO -- Detroit plans to return to the market this year with about $135 million of new-money bonds, pending state approval, as Mayor Kwame Kilpatrick's administration works on building what [...]

Democratic Gov. Jennifer Granholm last week announced the appointment of outgoing Senate Minority Leader Bob Emerson to be budget director. Emerson, a Democrat, takes the spot left vacant by Mary [...]

Some Democratic lawmakers have introduced legislation to increase scrutiny of Gov. Mitch Daniels' efforts to privatize government functions. HB 1062 would create a 15-member review committee made up of lawmakers [...]

CHICAGO -- Ohio Gov. Bob Taft on Thursday signed his final capital bill as governor - a $1.77 billion spending plan for the 2007-2008 biennium that includes an increase in [...]

CHICAGO -- As Cook County Board of Commissioners president Todd Stroger works with elected officials and department heads to trim spending for the fiscal 2007 budget, the county has been [...]

In his inaugural speech in January 2005, Indiana Gov. Mitch Daniels, the state's first Republican governor in 16 years, vowed to straighten out the budget mess left by previous administrations. [...]

Ohio auditor Betty Montgomery last week released the results of an audit that she said shows that the state could save more than $400 million a year by reforming its [...]

Fort Wayne plans a $100 million upgrade to its downtown that will utilize private-public participation and include a new hotel, minor league baseball stadium, and retail and residential construction. The [...]

Standard & Poor's last week raised its rating to AA from AA-minus for about $59 million of debt issued for the Hoffman Estates Park District. The agency cited continued favorable [...]

CHICAGO -- Oakland County, officials are awaiting Michigan Gov. Jennifer Granholm's signature on a bill that will allow municipalities to issue bonds to fund their post-employment retirement benefit liabilities -- [...]

CHICAGO -- Moody's Investors Service changed its outlook to positive from stable last week for debt issued by the University Hospitals Health System in Ohio as its second largest health [...]

CHICAGO -- Cook County Comptroller Walter Knorr will leave his post to become chief financial officer for the University of Illinois, according to sources. Bill Figel, a spokesman for Cook [...]

CHICAGO -- Indiana Gov. Mitch Daniels yesterday said he will seek some funding for the exploration of several public-private partnership initiatives next year and would ask the General Assembly to [...]

The Indianapolis Public Schools board on Monday increased its overall capital funding program for upgrading the district's schools, voting to issue $475 million of bonds next year. The total cost [...]

Moody's Investors Service last week changed its outlook to negative for Evanston, a triple-A rated Chicago suburb that is considering issuing pension obligation bonds. The agency affirmed its Aaa rating [...]

CHICAGO -- Michigan Gov. Jennifer Granholm has until the end of the month to decide whether to follow through on her promise to veto the state's capital outlay budget, delaying [...]

CHICAGO -- Michigan lawmakers approved legislation Friday that will allow cities, townships, and counties to issue bonds to fund a portion of their post-retirement health care benefit liabilities. Oakland County [...]