Caitlin Devitt

State revenues continue to come in under projections but are above collections for the same period last year, according to Indiana fiscal officials.

CHICAGO — The Nebraska Public Power District Monday will price $64 million of general revenue bonds to refund commercial paper issued to finance the cost of nuclear fuel. The bonds mature from 2012 through 2017.

CHICAGO — Nebraska won a coveted AAA rating last week from Standard & Poor’s. The upgrade reflects Nebraska’s history of a stable economy, conservative budgeting, strong reserves, and one of the lowest debt burdens in the nation, according to analysts.

CHICAGO — As federal subsidies for renewable energy projects begin to expire, the role of states and local governments will become more important in getting deals done, according to panelists at The Bond Buyer’s Symposium on Public Financing of Sustainable Energy Projects here Wednesday.

CHICAGO — The new administration running Cook County, Ill., continued to fill out its top financial team last week with the appointment of a new budget director and a new deputy director of ­finance.

CHICAGO — Revenue may be down but capital needs remain, prompting more governments to partner with each other to finance infrastructure projects, according to panelists Tuesday at the Bond Buyer’s Midwest Public Finance Conference.

Moody’s Investors Service has affirmed its A2 rating on Kettering Health Network’s $41 million of bonds but revised its outlook to negative from stable, warning that planned debt sales could pressure the system’s balance sheet.

Detroit Mayor Dave Bing met with Michigan Gov. Rick Snyder and legislators last week to push a deficit-elimination plan that hinges on the passage of new state laws.

Moody’s Investors Service revised its outlook to stable from negative and affirmed its A2 rating on Oakwood Healthcare Inc., a multi-hospital system headquartered in Dearborn.

A group that includes influential members of Indianapolis’ political and business community has floated a proposal that could lead to mayoral control of the city’s school system.

CHICAGO — Indiana legislators last week passed a $28 billion two-year general fund budget and several bond-related bills but failed to pass a controversial measure allowing fiscally distressed municipalities to file for bankruptcy.

CHICAGO — North Dakota legislators last week approved a fiscal 2012-13 $9.9 billion budget that reflects the state’s flush position, featuring $500 million of tax cuts, nearly $1 billion of infrastructure projects financed with cash, and $1 billion of reserves. For the third biennium in a row, the budget includes no borrowing.

CHICAGO — Cleveland Mayor Frank Jackson warned this week that the loss of state funding directed to local governments in Gov. John Kasich’s proposed 2012-2013 budget would force him to lay off up to 7% of the city’s workforce and would devastate Ohio’s largest cities.

CHICAGO — Michigan Gov. Rick Snyder warned Wednesday that 23 school districts across the state, most clustered around the Detroit area, qualify for a state takeover under its new emergency financial management law.

CHICAGO — The political landscape of fiscally stressed governments is an increasingly important factor as analysts assess a credit’s risk, a panel of municipal analysts said in here last week.

CHICAGO — Two weeks after it hit Cleveland with a credit downgrade, Fitch Ratings has cut the rating on $835 million of bonds issued for Cleveland Hopkins International Airport to A-minus from A.

CHICAGO — Standard & Poor’s boosted the issuer credit rating of South Dakota to AA-plus from AA, citing the state’s strong reserves and low long-term debts.

The Ohio Building Authority captured an interest rate of 3.57% on its April 19 sale of $15 million of lease-revenue bonds. Proceeds will finance capital projects related to juvenile correctional facilities run by the Ohio Department of Youth Services.

Michigan is expected to report that it will collect roughly $500 million in surplus revenue when fiscal officials release updated revenue projections on May 16.

Indiana lawmakers will debate whether to allow municipalities to enter into bankruptcy as they hammer out final differences to a bill passed by both chambers but stripped of the Chapter 9 option by the House.