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Salisbury, N.C., Downgraded Due to Broadband Service
Fitch Ratings and Moody's Investors Service have downgraded various ratings of Salisbury, N.C., because of its fledgling fiber optic broadband service.
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The Federal Railroad Administration released a draft environmental statement for the new private passenger rail service All Aboard Florida.  more »
North Carolina Gov. Pat McCrory plans to recommend a $1 billion transportation bond program to the General Assembly next year.  more »
Allowing one person to appoint members to the Cincinnati/Northern Kentucky International Airport board is "atypical" compared to similar airports, said Fitch.  more »
Tennessee's revenue collections exceeded estimates in August by 3.7%, said Finance and Administration Commissioner Larry Martin.  more »
All Aboard Florida, a private venture planning new passenger rail service from Orlando to Miami, is encountering headwinds from impacted communities.  more »
The Village Center Community Development District in Florida, whose status as a political subdivision that can issue tax-exempt bonds has been disputed, is planning to price three issues of taxable refunding bonds next week.  more »
A federal appeals court recently agreed with a lower court that former Miami budget director Michael Boudreaux does not have immunity from Securities and Exchange Commission charges, a decision some experts think could have implications for the SEC's Municipalities Continuing Disclosure Cooperation initiative or other enforcement actions going forward.  more »
Two ex-JPMorgan bankers shouldn't be allowed to give statements six years after taking the Fifth Amendment in the Jefferson County, Ala., sewer bond and swap case, the SEC says.  more »
Problems with a bank loan led Fitch to become the second rating agency to act against Florida Gulf Coast University, placing its ratings on watch negative.  more »
The N.C. Eastern Municipal Power signed the deal to sell its assets to Duke, which requires taking out $1.87 billion in outstanding debt. Regulatory approvals lie ahead.  more »
The Louisiana Transportation Funding Task Force plans to ask candidates for governor about their positions on new ways to fund roads and bridges.  more »
Atlanta launched a second round of public meetings in September to discuss a general obligation bond referendum to be held next year for infrastructure needs.  more »
Kentucky State University's plan to disenroll 645 students for failing to pay will exacerbate stressed operations but could be credit positive, said Moody's.  more »

Issuance of municipal MSA tobacco bonds by states was the subject of a highly critical article published by ProPublica. The article attempts to make a case that states erred in deciding to issue tobacco bonds. The article was widely circulated across social media. As we frequently observe, the national media focus on the muni market is appreciated, but the facts got muddied in the pursuit of a good story.

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