Louisiana Lawmakers Fail to Address Budget Deficit
Louisiana lawmakers capped their third session of the year on Thursday adopting a fiscal 2017 budget with $300 million in cuts while failing to address a projected $200 million current-year deficit.  more »
The Higher Education Policy Commission's Friday meeting should have been the time to review financial information of the four-year colleges in the state, but that plan was stalled because of how long it took for lawmakers to agree on the state's budget for next year.  more »
The outlook for the University of Louisville was changed to developing after Moody's Investors Service found that Kentucky Gov. Matt Bevin’s dismissal of the board of trustees raised uncertainty about the university’s governance.  more »
The small south Florida city of Opa-locka, recently designated by the state to be in a financial emergency, is under investigation by the Securities and Exchange Commission, according to the Miami Herald.  more »
The school board is expected to give the final OK to $90 million worth of capital projects Thursday, June 23 which it will ask voters to approve in a Nov. 8 bond referendum.  more »
In a first-of-its-kind case, a federal judge hears arguments June 30 on motions to dismiss a challenge by two Florida counties of $1.75 billion in private activity bonds for the All Aboard Florida passenger train.  more »
Plans for a tram connecting downtown to LSU are on the fast-track this week after Mayor-President Kip Holden presented the project to the public on Tuesday and will ask the Metro Council on Wednesday for a $10 million bond to kick-start the project.  more »
Wake County voters will wait until May 2018 to decide on the next school construction bond issue.  more »
The Internal Revenue Service may soon revoke the tax-exempt status of a Georgia housing corporation that for three consecutive years failed to file information returns on a $7.81 million bond issuance in 2013.  more »
With dozens of oil and gas company bankruptcies, energy producing states face a growing backlog of abandoned wells as revenue to fix the problems dwindles.  more »
As Louisiana lawmakers remain at odds with the governor over program funding as the state faces an even higher deficit estimate.  more »
Kentucky Gov. Matt Bevin restructured the state pension board as a state agency, saying the move was necessary to achieve greater transparency and better administration.  more »
Georgia’s Oconee Regional Medical Center did not make its June 1 bond payment, and although the hospital said it plans to pay the debt, S&P Global Ratings sent its ratings to the bottom of the junk scale.  more »
North Carolina Transportation Secretary Nick Tennyson said the $800 million cost to unwind the I-77 Mobility contract and finance the projects in-house are among his concerns about House Bill 954, which would terminate the P3.  more »

Carl Weisbrod, Director of the New York City Department of City Planning, joins Bond Buyer Senior Markets Reporter Chip Barnett to talk about the surge in NYC’s population and corresponding employment growth and why economic growth is dependent upon affordable housing for workers.

As we await the final shoe to drop with regard to the SEC's MCDC initiative, the municipal market may be at a turning point in terms of disclosure.

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