Shelly Sigo

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.

BRADENTON, Fla. - The Orlando-Orange County Expressway Authority is under fire from Orange County Mayor Teresa Jacobs for what she describes as an aggressive financing structure that backfired.

BRADENTON, Fla. - Memphis is exploring its legal options, including a lawsuit, against the National Basketball Association's Memphis Grizzlies if the NBA's lockout develops into a full-season loss.

BRADENTON, Fla. - After just over a year on the job, Joya De Foor is no longer Atlanta's chief financial officer.

BRADENTON, Fla. - The Jefferson County sewer default saga isn't over, even after county commissioners announced a settlement agreement last month with creditors who hold more than $3 billion in defaulted sewer warrants.

Gov. Bob McDonnell said Virginia posted a 3.9% revenue increase in September, making it the 18th month out of the last 19 in which revenue exceeded the previous year’s collections.

More than 60% of voters in Raleigh, N.C., last week approved the issuance of $56 million of general obligation bonds in two referendums.

Georgia Gov. Nathan Deal last week announced the formation of a commission to study funding for higher education.

Florida’s Citizens Property Insurance Corp. last week retained long-time financial advisor and investment consultant, Raymond James and Associates Inc.

BRADENTON, Fla. - The Florida auditor general's office called for the Legislature to consider placing limits on how much debt a community development district can issue and to improve oversight for CDD issuance.

BRADENTON, Fla. - A Florida judge has validated $2 billion of municipal bonds to fund Property Assessed Clean Energy initiatives statewide.