Shelly Sigo

BRADENTON, Fla. — Emmet & Co. and First Manhattan Co. have filed suit against Catholic Health East and Merrill Lynch claiming that $132.26 million of escrowed bonds issued by conduit entities in three states were improperly called.

The Clay Gas Utility District of Clay County on Tuesday filed a notice saying that it hopes to make a tender offer for some or all of its bonds, which are in default.

Gov. Robert Bentley Tuesday announced the appointment of Marquita Davis as director of the Alabama Finance Department.

House Financial Services Committee chairman Spencer Bachus, R-Ala., last week told mayors in Jefferson County that he believes the right decisions will be made by county commissioners dealing with the sewer debt crisis, according to the Birmingham News.

The 11th Circuit Court of Appeals in Atlanta on Oct. 4 will hear arguments in the appeal filed by former Jefferson County Commissioner Gary White.

BRADENTON, Fla. — The Tennessee State Funding Board is revising its debt-management policies in addition to requiring that all local governments adopt their own such policies by the end of this year.

BRADENTON, Fla. - South Miami, has reached a closing agreement and settlement with the Internal Revenue Service over impermissible uses of tax-exempt bond and bank loan proceeds to build a parking garage.

BRADENTON, Fla. - A stalled beltway project near Jacksonville in northeast Florida will get a partial kick-start with the construction of a bond-financed segment, state officials announced Wednesday.

Kentucky’s general fund receipts for July, the first month of fiscal 2012, were $693.2 million, a 6.9% rise from last July, budget director Mary Lassiter said.

A ruling by the 11th U.S. Circuit Court of Appeals in June handing Georgia a victory over drinking water withdrawal rights from tributaries in the Atlanta area may be in jeopardy. Alabama and Florida last week asked the appellate court to reconsider its ruling in the so-called water war between the states that has gone on well over a decade.

In July, the first month of fiscal 2012, triple-A rated Georgia saw net tax collections of $1.2 billion, an increase of 7.3% over the same month a year ago. Officials saw increases in many tax categories.

Miami City Manager Johnny Martinez Monday declared a financial urgency to open new talks on collective bargaining agreements with four unions covering police, fire fighters and city workers.

Birmingham voters go to the polls next Tuesday to decide among six candidates who will be the next mayor of Alabama’s biggest city. Mayor William Bell, who won the office in January 2010, is seeking reelection.

Brighton notified the bond market Tuesday that it failed to comply with continuing disclosure requirements regarding the filing of financial reports.

BRADENTON, Fla.— Standard & Poor's has lowered to AA-plus from AAA the issuer credit rating of the South Florida Water Management District, citing recent legislative changes that "significantly reduced the district's financial flexibility."

BRADENTON, Fla. — Jefferson County, Ala., commissioners decided Friday to take another 30 days to negotiate a settlement with creditors to restructure $3.14 billion of troubled sewer warrants.

BRADENTON, Fla. - The small city of Brighton, Ala., has defaulted on general obligation warrants it issued in 2003.

BRADENTON, Fla. - Jefferson County, Ala., commissioners may decide Friday whether to file for bankruptcy if creditors holding $3.14 billion of troubled sewer debt do not agree to accept the county's final offer to restructure the debt.

Mississippi Lieut. Gov. Phil Bryant last week bested four candidates vying for the Republican nomination for governor this fall.

Florida plans to advance $3 billion of transportation projects, according to Transportation Secretary Ananth Prasad.