Fla. Gov. Rick Scott to Sue Failed Firm Over Incentives
Florida has hired legal counsel to sue the bankrupt Digital Domain over $20 million in state incentive funding.
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Fitch raised its ratings on Tampa, Fla.'s water and sewer revenue bonds to AAA from AA-plus noting the system’s "very strong financial performance."  more »
Virginia ended fiscal 2014 with a general fund with a shortfall of $438.5 million, according to preliminary revenue collection figures.  more »
A federal judge agreed to reopen a Department of Justice housing discrimination suit against the Louisiana State Bond Commission.  more »
Atlanta plans to ask voters to help fund a portion of a $1 billion infrastructure backlog without raising taxes.  more »
North Carolina Gov. Pat McCrory signed a bill authorizing $376 million of bond-financed improvements at six University of North Carolina institutions.  more »
Moody's dropped Alabama State University's $230 million of outstanding bonds three notches to junk citing an inability to cover debt service among the reasons.  more »
Opponents of the Atlanta Braves' $672 million stadium in Cobb County intervened in the proceeding to validate $397 million of bonds for the new Major League Baseball facility.  more »
Standard & Poor's affirmed its A-plus ratings on Charlotte, N.C.'s $838 million in airport revenue bonds issued for Charlotte Douglas International Airport.  more »
Louisiana Treasurer John Kennedy claims the state repaid a loan from future collections, and that kind of budgeting is similar to “kiting” checks” if it becomes a practice.  more »
Central and west Florida expressway authorities are set to expand after Gov. Rick Scott signed two bills into law. One creates a new Central Florida Expressway Authority replacing the Orlando-Orange County Expressway Authority.  more »
Fayetteville, N.C., Public Works Commission general manager Steven Blanchard has received a top achievement award from the American Public Power Association.  more »
Moody's cut Hampton County School District No. 2, S.C.'s GO bond ratings six notches to Ba3 from A3 due to the small district's deficit fund balance.  more »
For the first time in many years, the Sewerage and Water Board of New Orleans returned to the bond market to issue $262.5 million of combined refunding and revenue bonds.  more »

As many state and local governments across the country begin their July 1 fiscal year, a new federal law going into effect is of particular interest to municipal governments that issue bonds.

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