Shelly Sigo

The Atlanta Development Authority has hired Doug Ray as its new chief financial officer.

Birmingham is pressuring Jefferson County to pay more than $11 million the county owes the city in back taxes and other collections.

BRADENTON, Fla. - Jefferson County, Ala., commissioners Wednesday voted to file the largest municipal bankruptcy in U.S. history, saying they could not come to terms with creditors over restructuring $3.14 billion of defaulted sewer debt.

BRADENTON, Fla. - Jefferson County, Ala., commissioners met Tuesday behind closed doors with attorneys discussing whether to finalize a pending settlement with creditors or to file bankruptcy.

BRADENTON, Fla. - Memphis-based Morgan Keegan & Co. has hired Rob Larkins as a managing director to head up the firm's new public finance office in San Francisco.

BRADENTON, Fla. - Public Financial Management Inc. has hired David Eichenthal as a senior managing consultant to open the firm's new office in Chattanooga, Tenn.

BRADENTON, Fla. - Broward County, Fla., has reached a milestone in its effort to move forward with an $800 million financing to support the $1.5 billion cost of a major runway extension and other improvements at Fort Lauderdale-Hollywood International Airport.

Local governments in and around Atlanta Tuesday will ask voters to renew a one-cent sales tax for school construction. The tax can be used to secure bonds.

Florida is appealing a judge’s September ruling that struck down its attempt to privatize 29 of the state’s prisons.

Tampa-area chambers of commerce reportedly are exploring the idea of creating a regional authority to broaden the taxable base that would finance a new stadium for Major League Baseball’s Tampa Bay Rays.

The Birmingham City Council Tuesday urged Jefferson County to file for bankruptcy immediately, and asked Gov. Robert Bentley not to call a special session of the Legislature to assist the county with its debt and budget problems.

Over 1,400 of Alabama’s public school and college employees plan a mass exodus from their jobs on Dec. 1 due to mandated health insurance fee hikes, according to the Birmingham News.

BRADENTON, Fla. - The financially troubled Clay County Gas Utility District in Tennessee said Tuesday that it would redeem $200,000 of its $3.25 million of outstanding gas system revenue bonds on Dec. 1.

BRADENTON, Fla. - Triple-A rated Georgia on Tuesday plans to competitively sell $401 million of new and refunding general obligation bonds.

BRADENTON, Fla.- The Florida Hurricane Catastrophe Fund is "dangerously overexposed" and should be downsized because unpredictable market conditions could prevent it from selling enough bonds to pay claims, according to the agency's executive director, Jack Nicholson.

A North Carolina subcommittee was to meet for the first time this week to “study potential options to provide relief to customers of the joint municipal power agencies from high electric rates.”

Fitch Ratings Tuesday downgraded to A-plus from AA-minus the water and sewer bonds issued by Fort Myers.

Mobile is continuing to search for a new cruise ship to replace the Carnival Elation.

BRADENTON, Fla. — The Birmingham City Council Tuesday decided to spend up to $10,000 on an outside attorney to determine if litigation can prevent sewer-system rate increases proposed in a restructuring of Jefferson County’s troubled sewer debt.

BRADENTON, Fla. - The North Carolina Turnpike Authority expects to move forward as soon as possible with the remainder of the financing for its second toll road following Tuesday's final judgment in a federal case that stalled the project for nearly a year.