Chip Barnett

"The good news in this budget is that the MTA has increased its effort to find efficiencies, so that's now a larger portion of the plan. The challenge is that efficiency portion of the plan should be much, much bigger," said CBC President Andrew Rein.

The Citizens Property Insurance Corp. wants to have a successor selected before the Florida Legislature convenes its new session in March.

Debt outstanding at state and local public entities totals more than $329 billion, an increase of $61.5 billion since 2017, according to a report by state comptroller Thomas DiNapoli.

"I'm thrilled to have that opportunity to join the team," Patrick McCoy says. "It's a very important project with regional implications. To be part of that team is going to be very exciting."

The state's benchmark debt ratio for debt service to revenue is at 3.78% — well below a 6% target and 7% limit.

Among the special session charges: "Improve the financial stability of the Citizens Property Insurance Corporation," Florida's bond-funded insurer of last resort.

"The MTA's structural gaps remain huge and demand immediate action and a multi-party, multi-year plan" says Citizens Budget Commission President Andrew Rein.

"I think it's undemocratic of major asset managers to use their power to influence societal outcomes," said Florida CFO Jimmy Patronis.

A separate report showed the state's workforce declined by 1% between 2011 and 2021 while the workforce increased 5.1% nationally during that time frame.

"S&P recognizes the progress that has been made and that Connecticut is getting its mojo back," said Gov. Ned Lamont.

KBRA said the upgrade reflected the airport's large and growing service area, anchored by Miami, which is a vibrant center for tourism and trade.

The Bond Buyer's senior regional reporters hold a roundtable discussion on the midterm elections. Caitlin Devitt, Yvette Shields, Karen Pierog, Keeley Webster and Thomas Nocera talk about implications for the municipal bond market. Chip Barnett moderates. (30 minutes)

"An increase in social distancing and remote work has resulted in growing vacant office space since late 2020. Office rents have also trended down and remained depressed into 2022," according to the Popular Annual Financial Report.

"We continue to see very strong job numbers. Florida is in as good of a position as we could possibly be," said Jimmy Heckman of the state Department of Economic Opportunity.

Knotts has almost 15 years of experience in state government and will advise clients in public finance and on economic development matters across Tennessee.

In 2021, Miami-Dade County commissioners approved a 19-year $135 million naming rights deal with FTX for the homecourt of the NBA's Miami Heat.

The update noted the growth in the fiscal 2023 budget since its adoption last July was due to the approval of federal grants.

New York City will also release the first quarter update to the fiscal 2023 financial plan this month.

Kevin Boomhower believes water infrastructure is a basic necessity and the work EFC does is helping all communities in the state meet that need.

The city has estimated liabilities of between $100 million and $500 million and assets of only between $10 million and $50 million, according to the filing.