Midwest

Indiana University expects to hire financial advisors to oversee the privatization of its parking system, a transaction modeled after Ohio State University's precedent-setting deal.

The Nebraska Public Power District, which operates one of the state's two nuclear plants, hits the market Tuesday with $211 million, marking its second deal this year for capital projects at the plant.

Chicago Mayor Rahm Emanuel is pressuring state lawmakers to adopt pension reforms to shore up the city's underfunded employee retirement obligations.

Michigan Treasurer Andy Dillon, in New York with Gov. Rick Snyder and Budget Director John Nixon to meet with rating agencies, talks with the Bond Buyer about what it will mean for the state if its controversial emergency management law is overturned.

Chicago Mayor Rahm Emanuel on Friday replaced his hand-picked schools chief after just 17 months on the job with the district's interim chief education officer in a move that comes shortly after a bruising teachers' strike that has taken a toll on the district's bond ratings

Milwaukee-based Baird has hired Jeff Fivecoat, a long-time health care banker, for its Columbus office. Fivecoat comes from Red Capital Group and before that, OhioHealth.

Chicago Mayor Emanuel rolled out an $8.3 billion budget for 2013 that closes a $300 million deficit without tax hikes, but he also painted a stark picture of the fiscal reckoning in 2015 when pensions will consume $1.2 billion of revenue.

The Internal Revenue Service has told the Nebraska Public Power District that $10 million of the $50.36 million of Series A Build America Bonds it issued in June 2009 do not qualify for the 35% subsidy payment it receives from the U.S. Treasury.

Gene R. Saffold, former Chicago CFO and one of the first African Americans to lead the public finance banking group at a Wall Street bank, died Monday following complications from recent surgery. He was 57.

Ohio is selling GO bonds this week and Garvee bonds in November. Ohio says the Garvee deal will proceed despite uncertainty over federal transportation funding and the fiscal cliff.