Shelly Sigo

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.

Fitch Ratings upgraded Jefferson County, Ala.’s general obligation and issuer default ratings to A from BBB, saying that the county has put finances on a “strong footing.”

Circuit Court Judge Thomas Wingate ruled that Kentucky Gov. Matt Bevin acted properly when he ordered higher education budget cuts.

The Kentucky Bond Corp. will use its highly rated pool bond program to help Hillview fund a legal settlement negotiated after the city filed for bankruptcy.

The 11th Circuit Court of Appeals in Atlanta has said oral arguments will be held in Jefferson County, Ala.’s bankruptcy case, although dates for those arguments have been set three times then postponed without a reason.

German Pellets Texas LLC and Texas Pellets Inc. filed petitions for Chapter 11 reorganization last month with $184.7 million of tax-exempt industrial development bonds outstanding.

Gov. John Bel Edwards, a Democrat, blasted a budget proposal by House Republicans to address a $600 million deficit by funding a college scholarship program at the expense of health care programs.

Gov. Earl Ray Tomblin has called West Virginia lawmakers back to Charleston on Monday to finish the fiscal 2017 budget, after failing to reach a consensus during the regular session.

Miami’s “dramatically improving and diverse economy” was a driving force that led Moody's Investors Service to upgrade the city’s general obligation bonds to Aa3 from A1, despite pending SEC and pension suits.

Richland County, S.C., has set aside funds to pay off a $50 million bond anticipation note amid a probe into what state officials claim are improper expenditures of revenue of a local transportation sales tax.

Virginia plans to borrow $2.24 billion to finance a wide variety of state and higher education projects, according to a bill signed by Gov. Terry McAuliffe on Friday.