Caitlin Devitt

The Nebraska Investment Finance Authority Thursday will price $196 million of fixed-rate bonds, followed in two weeks by $478 million of variable-rate debt, in a deal aimed at helping the authority better manage its swap risk.

Moody's Investors Service downgraded to A1 from Aa3 Canton's general obligation limited-tax debt.

The Columbus City Council last week approved $36 million of bonds to finance the renovation and expansion of a new police headquarters.

Cuyahoga County's first executive, who takes office in January as part of the county's shift to an executive-style government, said last week he hopes to launch a regional service-sharing agreement for the county's local governments.

Detroit Mayor Dave Bing said the city early next year will begin offering residents "non-financial" incentives to relocate to certain areas under a plan to shrink its boundaries.

CHICAGO — Pre-subsidy interest rates ranged from 5.1% to 8.4% on $100 million of recovery zone economic development bonds that Detroit sold last week through a Michigan conduit.

CHICAGO — Fitch Ratings and Moody’s Investors Service hit Wayne County, Mich., with dual downgrades to the low single-A category last week as it prepares to sell $200 million of recovery zone economic development bonds Wednesday.

CHICAGO — The Indianapolis Airport Authority on Tuesday will price a yet-to-be determined amount of refunding bonds to take advantage of the federal alternative-minimum tax holiday.

CHICAGO — Ohio’s effort to ensure local governments issue as many recovery zone bonds as possible before the end of the year has prompted Columbus to enter the market Tuesday to use a fresh allocation of just under $60 million.

The junk-rated city of Detroit will access the market through a Michigan conduit Thursday as it seeks to raise $100 million to finance a new police headquarters in a vacant MGM casino.

Republican Governor-elect John Kasich said last week that he would consider a plan to privatize the Ohio Turnpike.

Kent State University has postponed a $250 million capital program amid opposition from the Ohio Board of Regents.

Gov. Jennifer Granholm next week is expected to sign into law a $383 million capital budget that would fund dozens of projects at universities and community colleges across Michigan.

CHICAGO — Ohio plans to begin taking retail orders Tuesday on $230 million of double-A rated Garvee bonds and opening the sale to institutional buyers Wednesday.

CHICAGO — Minnesota faces a $6.2 billion budget deficit over the next two years that is about $590 million more than previously projected, according to a new revenue forecast state fiscal officials issued Thursday.

CHICAGO — Illinois lawmakers ended a week-long veto session Thursday after passing a public safety pension reform measure and advancing a gaming expansion bill but without taking up a series of major bills aimed at tackling the state’s looming deficit.

CHICAGO — Officials in Hamtramck met with the current and incoming state treasurers this week to continue to press their case for the cash-strapped city to become the first Michigan municipality to file for Chapter 9 bankruptcy.

CHICAGO — Michigan Republican Governor-elect Rick Snyder has tapped Utah’s top budget official as his new budget director, starting Jan. 1.

CHICAGO — The Wayne County Airport Authority will begin refunding more than $1 billion of senior-lien general airport revenue bonds Monday to achieve interest-rate savings and take advantage of the federal alternative-minimum tax holiday.

Richland County is expected to come to market this week with $8.8 million of variable-rate demand bonds for recovery zone facilities.