Shelly Sigo

BRADENTON, Fla. — A massive overhaul of Virginia’s transportation program will enable the state over the next three years to fund $4 billion of road, rail, and transit projects supported by increased bonding capacity and new financing programs.

The Florida Legislature was unable to reach agreement on funding allocations in the fiscal 2012 budget before taking the week off for the Easter and Passover holidays. The House is proposing a $66.5 billion budget, while the Senate’s version is $70.1 billion.

Gov. Rick Scott Monday named Ananth Prasad as secretary of the Florida Department of Transportation.

The Birmingham Water Works and Sewer Board has accelerated the schedule for its next bond sale due to financial problems in Jefferson County, according to the Birmingham News.

BRADENTON, Fla. — Standard & Poor’s Tuesday revised its rating outlook on Jefferson County, Ala., to negative from developing.

The Santa Rosa Bay Bridge Authority, which oversees the Garcon Point Bridge in north Florida, appears to be headed for default in July.

BRADENTON, Fla. — The Alabama Supreme Court Friday denied a motion by JPMorgan and other defendants to dismiss a lawsuit that was filed by Jefferson County in November 2009.

BRADENTON, Fla. — Florida is on the road to recovery, according to economists.

BRADENTON, Fla. — Jefferson County, Ala., faces a $77 million deficit by the end of the fiscal year due primarily to the loss of tax revenues while “contingent” expenses could render the county insolvent, according to the national turn-around firm FTI Consulting.

BRADENTON, Fla. — Government-owned hospitals in Florida will come under scrutiny by a panel appointed by Gov. Rick Scott to review whether they are in the best interest of taxpayers.

Moody’s Investors Service last week downgraded the issuer rating for the Union County School District to A2 from A1.

Atlanta Mayor Kasim Reed last week nominated Jo Ann Macrina to be the new commissioner of the Department of Watershed Management.

Florida Gov. Rick Scott Monday took credit for federal budget cuts to high-speed rail funding that were in the continuing resolution signed by President Obama over the weekend.

BRADENTON, Fla. — The five-notch downgrade of DeKalb County, Ga., two weeks ago calls into question whether market participants can rely on the financial disclosure practices of issuers or their ratings, two municipal analysts say.

BRADENTON, Fla. — Japan’s Fukushima accident has created “unpredictable unintended consequences” that can be expected to delay the approval of new and existing nuclear energy facilities, according to a special report Thursday by Moody’s Investors Service.

BRADENTON, Fla. — Jeffrey A. Parker & Associates has expanded with three new employees who will help the infrastructure finance advisory firm on a wider range of transactions.

BRADENTON, Fla. — Jefferson County, Ala., must restructure its troubled debt or take “other significant reorganization activities,” according to the county’s first audit in three years.

BRADENTON, Fla. — Some municipal bond market observers say last week’s stunning five-notch downgrade of Georgia’s third-largest county highlights the importance of disclosure — or what Standard & Poor’s sees as insufficient disclosure in the case of DeKalb County.

Moody’s Investors Service Friday downgraded the Louisville Regional Airport Authority’s revenue bond rating to A2 from A1.

The Georgia Environmental Finance Authority announced Friday that Kevin Kelly will be the new Water Resources Division director.