Detroit marks bankruptcy anniversary by borrowing big to tackle blight
Ten years after its historic bankruptcy the city is on the cusp of investment grade.
Source: moneyweb.co.za
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Detroit Marks 10th Anniversary of Bankruptcy With Bond Sale
(Bloomberg) -- 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 neighborhoods.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsSaudi Arabia’s PIF Wealth Fund Takes $11 Billion Investment HitUS Inflation Hits Two-Year Low, Giving Hope for End to Fed Hik
Source: yahoo.com
Financial Data Transparency Act will spur progress in government reporting
A new law promises to increase the accessibility of government financial information.
Source: accountingtoday.com
Machine-readable disclosure have 'revolutionized' Flint's disclosure
Open data standards will help Flint "tell its story" and benchmark itself against other cities, said CFO Robert Widigan.
Source: bondbuyer.com
Machine-readable financial reports get a look in Michigan
The University of Michigan is studying the use of XBRL technology for local government financial reports with the state Department of Treasury set to act next.
Source: bondbuyer.com