Shelly Sigo

Hoping to avoid a state government shutdown July 1, the GOP-led West Virginia Legislature approved a new 2017 budget Tuesday that Gov. Earl Ray Tomblin is expected to sign.

Buena Vista, Va., was sued by bond insurer ACA Financial Guarantee Corp., which says the city breached its forbearance agreement and stopped making “moral obligation” payments on bonds issued to construct a golf course.

Florida Gov. Rick Scott has appointed nine people, including six top level state employees, to take charge of Opa-locka’s finances while the city is in a state of financial emergency.

A Florida court has denied Indian River County’s quest to block a state-created conduit issuer from selling $1.75 billion of tax exempt bonds for All Aboard Florida’s planned private passenger rail project.

Kentucky, after plugging billions into its massively underfunded pensions this year, is hitting the brakes on transportation spending.

North Carolina’s Fayetteville Public Works Commission auctioned $114.4 million of 25-year bonds on Wednesday, resulting in yields lower than the utility’s last foray into the market two years ago.

West Virginia is closer to a state government shutdown after Gov. Earl Ray Tomblin vetoed the fiscal 2017 state budget, saying the spending plan lawmakers approved unwisely draws on the state reserves and threatens its bond ratings.

The North Carolina Council of State Tuesday approved issuing $200 million of the $2 billion in general obligation bonds that voters approved in March; the deal will be sold in late July.

Louisiana Gov. John Bel Edwards opened the state's third legislative session Tuesday urging lawmakers to resume work on a budget for 2017 that 'no one likes' in order to prevent severe cuts to critical state services.

Triple-A rated Georgia will auction $1.4 billion of general obligation bonds Tuesday, with analysts seeing the state benefiting from six years of positive revenue performance.

West Virginia lawmakers sent Gov. Earl Ray Tomblin a budget for fiscal 2017 that relies on reserves, cuts and one-time measures that the governor had already threatened to reject.

The North Carolina House voted 81-27 Thursday to cancel the Interstate 77 toll road project and send the bill unwinding the state’s first public-private partnership to the Senate.

Florida Gov. Rick Scott declared the small city of Opa-locka to be in a financial emergency late Wednesday, authorizing the state to take control of the city’s finances and debts.

The North Carolina House Transportation Committee on Wednesday passed House Bill 954, which would unwind the state’s $648 million Interstate 77 project with Cintra Infraestructuras SA.

The Fayetteville Public Works Commission will auction $110.8 million of revenue bonds in what is still a rare competitive deal for a North Carolina issuer, one that it accelerated to beat the Fed's expected tightening.

Louisiana Gov. John Bel Edwards on Friday said that lawmakers should begin a special session on June 6 to continue work on the fiscal 2017 budget to avoid what he said are unnecessary cuts in important state services.

Tennessee's general obligation bonds got a boost to AAA Thursday by S&P Global Ratings, which cited the state’s sound operations and improving economy.

Port St. Lucie, Fla., will only recover 6% from the bond-laden incentive package the city used to lure a digital effects studio to town.

Tax-exempt bonds give municipal issuers a unique advantage in negotiating public-private partnerships, a factor that some municipal market and legal advocates say should not be overshadowed.

Atlanta Mayor Kasim Reed said he would not discuss why he dismissed Hartsfield-Jackson Atlanta International Airport general manager Miguel Southwell and Watershed Management commissioner Jo Ann Macrina.