Shelly Sigo

BRADENTON, Fla. — Miami officials have been told that civil charges may be brought against the city for failing to disclose serious budget problems in recent bond offerings.

The Florida Legislature's fiscal 2013 budget taps reserves of the state's 11 public universities to help balance the state budget — "a clear credit negative" for the schools, according to Moody's Investors Service.

Moody’s Investors Service on Monday downgraded to B3 from Ba3 the long-term rating assigned to Weirton Medical Center in West Virginia.

Eight creditors holding various claims related to Jefferson County, Ala.’s defaulted sewer debt filed notices late Monday saying that they want to appeal the county’s eligibility to file a Chapter 9 bankruptcy petition.

BRADENTON, Fla. — The Orlando-Orange County Expressway Authority in central Florida is extending the call date on all or a portion of $185.8 million of term bonds at the request of Citi.

Municipalities are borrowing more money directly from banks that are competing to offer favorable rates and terms.

Given concerns about the economy, experts do not expect municipal bond volume to increase significantly this year following last year's slow pace of sales.

Jacksonville officials hope to net big savings next week when they price $557.5 million of refunding bonds.

The Clay County, Tenn., Gas Utility District has again extended and modified its tender offer.

Georgia’s net tax collections for February were $765 million, an increase of nearly $50 million, or 7%, compared to a year ago.

On the last day of the Florida Legislature’s annual session Friday, lawmakers gave Miami an exemption from paying property taxes on the four parking garages it financed for the Miami Marlins’ new baseball stadium.

Bond insurers came and went last week in the Bank of New York Mellon’s legal challenge in Jefferson County’s bankruptcy case.

BRADENTON, Fla. — The Florida Legislature ended its 60-day session late Friday after passing a $70 billion budget for fiscal 2013.

BRADENTON, Fla. — The Bank of New York Mellon will distribute the toll revenues of Florida’s Santa Rosa Bay Bridge Authority to holders of the agency's defaulted bonds later this month.

BRADENTON, Fla. — The 198-bed Citrus Memorial Hospital, near the west coast of Florida, sank further into non-investment-grade territory Wednesday when Moody's Investors Service downgraded its debt to Ba3 from Ba2.

Investors holding term bonds exchanged last year as part of the Connector 2000 Association bankruptcy must exchange them a second time after the bonds they received proved to be untradeable for technical reasons.

With all but two of 170 precincts in Atlanta reporting early Wednesday, voters overwhelmingly approved renewing a sales tax that supports the city’s water and sewer system.

Fitch Ratings on Monday downgraded the Orlando Community Redevelopment Agency’s tax-increment financing revenue bonds to A from A-plus.

Citizens Property Insurance Corp.’s board of governors Monday voted unanimously to appoint Tom Grady as interim president.

The Alabama Public School and College Authority last week saved more than $26 million refinancing $90.9 million of outstanding capital improvement pool bonds and $90.6 million of economic development and training bonds.