fiscal crisis

Detroit is poised to mark the 10th anniversary of its historic bankruptcy by tapping the municipal bond market for $100 million of financing, most of which will go toward its program of reviving blighted...

For Flint, Michigan, new machine-readable disclosure standards which have sparked controversy across the muni market represent a "quantum leap" for the city's finances, its CFO said. "If you're asking me, it's about time that we modernize and...

Michigan has had its share of disasters. Dams collapsed after heavy rains, flooding Midland. A sinkhole the size of a football field was caused by a sewer collapse in Macomb County. And in Flint, children were exposed to lead-contaminated...

Michigan has had its share of disasters. Dams collapsed after heavy rains, flooding Midland. A sinkhole the size of a football field was caused by a sewer collapse in Macomb County. And in Flint, children were exposed to lead-contaminated...

Michigan has had its share of disasters. Dams collapsed after heavy rains, flooding Midland. A sinkhole the size of a football field was caused by a sewer collapse in Macomb County. And in Flint, children were exposed to lead-contaminated...

Michigan has had its share of disasters. Dams collapsed after heavy rains, flooding Midland. A sinkhole the size of a football field was caused by a sewer collapse in Macomb County. And in Flint, children were exposed to lead-contaminated...

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Many of Michigan's local government leaders think fringe benefits given to their jurisdictions' employees are too generous, but they are not overpaid, a new University of Michigan study finds.In addition, many of these leaders also believe employees...