Shelly Sigo

Kentucky plans to issue $100 million of bonds to support a workforce development training initiative seen as critical to better prepare people for jobs that match the needs of employers in the state.

West Virginia has passed a law giving the governor the power to pay debt service if a budget has not been enacted on time.

Mississippi absorbed a downgrade from Fitch Ratings, which cited weaker-than-expected .performance and criteria changes in lowering its issuer default and general obligation ratings one notch to AA.

North Carolina Gov. Pat McCrory signed the 2017 budget bill into law, increasing the general fund by 2.8% to give teachers raises, cut state income taxes, and bring reserves to an all-time high.

Miami Beach will begin preliminary negotiations with a group led by France-based Alstom to build a modern light rail streetcar estimated to cost $400 million in its famed South Beach district.

Louisiana faces another thorny funding issue: how to address billions of dollars in backlogged transportation needs.

Former Alabama House of Representatives speaker Mike Hubbard was sentenced Friday to four years in prison on 12 felony corruption charges stemming from his role as a legislator

After Mississippi tapped its rainy day fund for a second time to cover a budget shortfall, Moody's Investors Service called the withdrawal a credit negative.

City of Atlanta and Metropolitan Atlanta Rapid Transit Authority leaders will use the months ahead to persuade voters to support two half-cent sales tax increases for major transportation improvements.

A South Carolina judge has indicated that he plans to side with Richland County in its fight over the release of 1-cent sales tax revenues frozen by the state Department of Revenue amid a probe into irregular spending.

A bill in the North Carolina General Assembly would ask voters to lower the income tax rate to 5.5% from 10%, a move that opponents say would restrict budget flexibility and jeopardize the state's triple-A ratings.

The outlook for the University of Louisville was changed to developing after Moody's Investors Service found that Kentucky Gov. Matt Bevin’s dismissal of the board of trustees raised uncertainty about the university’s governance.

Louisiana lawmakers capped their third session of the year on Thursday adopting a fiscal 2017 budget with $300 million in cuts while failing to address a projected $200 million current-year deficit.

The small south Florida city of Opa-locka, recently designated by the state to be in a financial emergency, is under investigation by the Securities and Exchange Commission, according to the Miami Herald.

In a first-of-its-kind case, a federal judge hears arguments June 30 on motions to dismiss a challenge by two Florida counties of $1.75 billion in private activity bonds for the All Aboard Florida passenger train.

As Louisiana lawmakers remain at odds with the governor over program funding as the state faces an even higher deficit estimate.

Kentucky Gov. Matt Bevin restructured the state pension board as a state agency, saying the move was necessary to achieve greater transparency and better administration.

Georgia’s Oconee Regional Medical Center did not make its June 1 bond payment, and although the hospital said it plans to pay the debt, S&P Global Ratings sent its ratings to the bottom of the junk scale.

North Carolina Transportation Secretary Nick Tennyson said the $800 million cost to unwind the I-77 Mobility contract and finance the projects in-house are among his concerns about House Bill 954, which would terminate the P3.

Wilmington Trust opened a new office in Birmingham, Ala., as part of an expansion of its corporate trust services in the Southeast; six new employees will offer trust and escrow services.