Shelly Sigo

Kentucky cities and power boards formed a new joint action agency that hopes to find lower power costs after shedding contracts with investor-owned Kentucky Utilities.

A governor-appointed panel studying Kentucky’s $14 billion teachers’ pension liability heard various options for dealing with the underfunding, including the use of pension bonds.

Faltering projects designed to boost the economy can expose municipalities to the perils of backing such ventures, Moody's Investors Service said in a commentary.

The Greater Orlando Aviation Authority prices $215.15 million of bonds subject to the alternative minimum tax on Wednesday to support Orlando International Airport's $3 billion capital plan.

The Tennessee Valley Authority said it priced $1 billion of 50-year global power bonds on Sept. 21 at an all-time low interest rate of 4.25%.

Florida-based Adventist Health System agreed to pay $118.7 million to settle allegations that it had physician referral agreements that violated the federal False Claims Act.

The trustee for the Santa Rosa Bay Bridge Authority’s defaulted toll bridge bonds wants to sue the state if enough bondholders step forward to authorize the legal challenge.

Hillview, Ky., filed for bankruptcy last month under the weight of a $15 million court judgment; objections to the city’s petition are due by Oct. 1.

The North Carolina House passed the state budget for the 2016-2017 biennium just after midnight on Sept. 18; Gov. Pat McCrory later signed it into law.

The Alabama Legislature late Wednesday approved a state budget for the fiscal year that begins Oct. 1 after making structural changes aimed at stabilizing the general fund.

The North Broward Hospital District in Florida will pay the federal government $69.5 million to settle allegations that it violated the False Claims Act, according to the Justice Department.

Shreveport, La.’s general obligation bond rating was dropped to A2 from A1 by Moody's Investors Service due to weak liquidity and the use of reserves.

North Carolina legislators have unveiled a compromise general fund budget for the 2016-2017 biennium with final votes slated this week in order to send it to the governor by Friday.

Martin County, Fla., filed a petition for writ of certiorari Sept. 3 asking an Orange County court to overturn approval of the $1.75 billion in bonds for Florida’s passenger train project.

The North Carolina Department of Transportation won a federal court ruling Friday allowing the state to continue work on the $840 million, 20-mile Monroe Connector Expressway.

Port St. Lucie, Fla., has asked a judge to appoint a receiver for The Vaccine & Gene Therapy Institute, which plans to shut down Oct. 1, leaving the city on the hook for bond payments.

Florida legislators can expect a $635 million windfall in the fiscal 2017 budget as state officials plan for new tax cuts amid rising health care costs, a new study said.

A group of Jefferson County, Ala., residents told an appellate court they were denied constitutional protections in the rush to end the county’s “large and complicated” Chapter 9 bankruptcy in 2013.

As the Alabama Legislature resumed work on the state budget due Oct. 1, Standard & Poor's warned that a structurally balanced plan is necessary to maintain the state’s AA general obligation bond rating.

Citing Kentucky’s unfunded pension liabilities, Standard & Poor's Thursday cut the Bluegrass state’s issuer credit rating to A-plus from AA-minus; other ratings were also downgraded.