Shelly Sigo

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.

Miami-Dade Mayor Carlos Gimenez, who was elected recently following the ouster of the previous mayor in a recall vote, has named a number of senior managers, including a former First Southwest Co. executive.

BRADENTON, Fla. - Credit pressures are on the rise for some of Florida's 67 school districts as effects of the recession linger, according to a report by Fitch Ratings.

BRADENTON, Fla. - The federal judge presiding over a Securities and Exchange Commission civil suit permanently enjoined former Jefferson County, Ala., commission president Larry Langford from violating securities laws in the future.

BRADENTON, Fla. - The 11th Circuit Court of Appeals in Atlanta Friday affirmed the conviction of Larry Langford, one-time president of the Jefferson County Commission and former mayor of Birmingham.

BRADENTON, Fla. - Jefferson County, Ala., commissioners last week sent a new settlement offer to creditors holding $3.14 billion of defaulted variable- and auction-rate sewer warrants.

BRADENTON, Fla. - Commissioners in Jefferson County, Ala., are preparing a counteroffer to be submitted to creditors holding $3.14 billion of defaulted variable- and auction-rate sewer warrants.

BRADENTON, Fla. - Commissioners in Jefferson County, Ala., Thursday once again delayed a decision on settling the county $3.14 sewer debt default or filing for bankruptcy.

BRADENTON, Fla. - Commissioners in Jefferson County, Ala., planned to meet Thursday to continue discussions about settling with creditors who own $3.14 billion of troubled sewer debt, or else file the largest-ever municipal bankruptcy in U.S. history.

The combined rebuilding program of Louisiana’s Orleans Parish School District and state-operated New Orleans Recovery School District needs to be reconsidered, a coalition of New Orleans business and civic groups said last week.

Kentucky Gov. Steve Beshear said last week that the state closed fiscal 2011 with a $156.8 million general fund surplus due to the strength of positive revenues that exceeded budgeted levels.

Florida Department of Transportation Secretary Ananth Prasad has chosen a toll road industry veteran with more than 20 years of experience to be the executive director of Florida’s Turnpike Enterprise.

Florida’s elected Cabinet on Tuesday approved the issuance of up to $613 million of refunding bonds.

The Birmingham City Council Tuesday unanimously approved the issuance of $215 million of revenue bonds on behalf of the University of Alabama Health Services Foundation.

BRADENTON, Fla. - Attorneys representing Jefferson County and a financial adviser for Alabama told the Securities and Exchange Commission Friday that there is room for improving disclosure practices while striking a balance with the needs of financially struggling issuers.

BRADENTON, Fla. - Jefferson County, Ala., Thursday agreed to take the next week to review a counteroffer submitted by creditors holding $3.14 billion of variable- and auction-rate sewer warrants on which the government has defaulted.