Shelly Sigo

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.

Broward County, Fla., selected five companies that will compete to become the private partner that will expand the county’s convention center and build an adjacent hotel.

Florida's Martin and Indian River counties launched new legal challenges to the private All Aboard Florida passenger train project within days of a scheduled $1.75 billion bond offering.

The Atlanta Streetcar is conducting a national search for an executive director, and has named former AECOM/URS Corp. transit manager Keith Jones as interim director.

Hillview, Ky.'s bankruptcy filing offers more evidence that municipalities increasingly consider filing for reorganization as a way to cure balance-sheet problems, according to Moody's Investors Service.

West Jefferson Medical Center, La.'s bond ratings were cut three notches to Ba2 due to a "precipitous" downturn in operating performance, Moody's Investors Service said.

North Carolina legislators hope that third time is a charm after passing yet another continuing resolution to keep state government running through Sept. 18.

Virginia Gov. Terry McAuliffe told a legislative panel that a "reversal in fortune" positioned state revenues to outpace forecasts by substantial sums.

Hillview, Ky., filed for bankruptcy to stop interest accruing on an $11.4 million adverse judgment and will pay its $3.2 million of bond debt, said City Attorney Tammy Baker.

A Kentucky conduit is issuing $230 million of bonds this week to provide financing for a public-private partnership building a statewide high-speed Internet system.

Higher debt service coverage won Florida's environmental restoration bonds two rating upgrades ahead of a $46.5M competitive deal.

As the 10th anniversary of Hurricane Katrina nears, New Orleans has seen many improvements although the city still faces credit challenges, according to Moody's Investors Service.

Cobb County, Ga., plans to competitively bid $372.55 million of AAA-rated taxable bonds on Tuesday to finance the Atlanta Braves stadium.

Hillview, Ky, filed for Chapter 9 bankruptcy on Thursday listing its largest debt as an $11.4 million judgment for breach of contract; it also has $3.2 million of bond debt.

Florida's economists predict the state will rake in record revenues in fiscal 2016 and 2017, although state officials should also expect expenses to increase, a budget watchdog group warns.

Issuers in the Southeast sold $41.56 billion of bonds in the first half of 2015, an 85% increase in year-over-year volume fueled by refundings and a slight uptick in new-money sales.