North Carolina Among States Running Overtime on Budget
North Carolina joined several states this week entering extended legislative sessions to finish work on budgets for fiscal 2016, which began July 1.
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The state has struck a deal to recover $46 million of taxpayer money from a private developer for work that was never done on a 55-mile highway that was never built, according to sources in Gov. Terry McAuliffe's administration.  more »
RALEIGH -- Gov. Pat McCrory was joined by hundreds of county and city officials Tuesday as he pressed his case for a $2.85 billion bond proposal to fund road and infrastructure projects, but the General Assembly is not completely on board with the governor's plan.  more »
Mary A. Packer, president of PK Securities in Boca Raton, Fla., died May 25 at the age of 63.  more »
Steps to reform Jacksonville, Fla.'s public safety pension plans are a credit positive, Moody's Investors Service said in a special comment June 29.  more »
The Georgia Supreme Court Monday ruled that $368 million of bonds to finance the Atlanta Braves' $672 million baseball stadium were properly validated by a lower court.  more »
HATTERAS VILLAGE, N.C. -- Plans for new exhibits on Outer Banks shipwrecks and the notorious pirate Blackbeard could be sunk because North Carolina lawmakers have shown little interest in paying for them with borrowed money.  more »
The town will remove medians on Morrisville Parkway, prepare for fiber installation requests and raise the property tax rate by two cents starting July 1.  more »
The 2015-2016 budget for the town of Prosperity was approved Tuesday by Town Council with no millage increase during a special meeting.  more »
A federal judge in Alabama has ordered mediation in the Securities and Exchange Commission’s pay-to-play suit against two ex-JPMorgan bankers involved in Jefferson County sewer deals.  more »
The Atlanta City Council approved a $1.9 billion budget for fiscal 2016 budget without tapping reserves.  more »
The Florida-based law firm of Holland & Knight has added Michael Millett as an associate with the firm’s public finance team in Tampa.  more »
Residents will see a property tax increase, employees will get a raise, and roads will receive added attention in Morrisville's 2015-16 budget.  more »
The federal government extended All Aboard Florida’s $1.75 billion private activity bond allocation, relieving pressure on the private train owner to issue the bonds as legal challenges proceed.  more »

Orrick, Herrington & Sutcliffe LLP attorneys take a look at the Securities and Exchange Commission settlements with 36 municipal securities underwriters pursuant to the Municipalities Continuing Disclosure Cooperation initiative.

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