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With convention and hotel taxes plummeting, Lexington is financing up to three years of debt service to avoid default and backing the deal with a GO pledge.
August 3 -
Jacksonville-owned JEA and Georgia-based MEAG agreed to settle litigation over JEA's agreement to buy power from reactors under construction in Georgia.
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As officials in the tourism-dependent county prepare for a resurgence of tourism as attractions reopen, they are also dealing with a surge of COVID-19 cases.
June 24 -
Federal judge rules in favor of Georgia's MEAG and JEA will need to continue to pay debt service on bonds used for nuclear reactor construction.
June 18 -
The Volunteer State reported a nearly 16% decline in revenues in April, much of which was due to stay-at-home orders and delayed tax filings.
June 11 -
Some elder housing borrowers have also drawn on debt service reserves, violated covenants, or sought to restructure their bonds, said Moody's Investors Service.
June 3 -
The South Carolina Legislature put in place strict oversight of the state-owned utility until they decide whether to sell it.
May 28 -
State lawmakers passed a continuing resolution, and expect to return to Columbia in September to complete work on a budget for fiscal 2021, which begins July 1.
May 19 -
State lawmakers will return to Columbia for a two-day session that will also determine what to do with embattled state-owned utility Santee Cooper.
May 11 -
The loss of $1.03 billion in revenues prompted state lawmakers to ask congressional delegates to support a $500 billion relief package for states.
May 8
