Shelly Sigo

Standard & Poor's said Friday that it would be “unprecedented and significant” if triple-A rated Florida failed, for the first time ever, to adopt a state budget on time.

A federal judge hears arguments Friday on whether the private All Aboard Florida passenger train project can issue $1.75 billion in private activity bonds.

A North Carolina anti-toll group wants a judge to proceed with its lawsuit in an attempt to stop the state’s Interstate 77 toll project for which the P3 contract was finalized May 20.

The Florida Legislature will attempt to bridge an impasse over low income healthcare funding that has left the state without a fiscal 2016 budget and facing a government shutdown.

Orange County, Fla., plans to competitively price a $170 million tourist tax refunding deal Thursday that comes to market with three rating upgrades due to substantial growth in hotel revenues.

New service and a rebound in passengers at Orlando International Airport have expedited planning for a new $1 billion terminal.

The Central Florida Expressway Authority plans to issue $193 million in bond anticipation notes to provide interim financing for work on the Wekiva Parkway.

Moody's Investors Service downgraded WakeMed, N.C.'s bonds to A2 from A1 due to its weakened financial performance.

Work on North Carolina’s Interstate 77 express toll lane project will begin this summer with a lawsuit pending and over recent objections filed by some communities.

Corvias Campus Living privately placed $548.3 million of taxable bonds for a 65-year P3 student housing pact with the University System of Georgia.

The Central Florida Expressway Authority selected insider Laura Kelley to become the agency’s first female executive director.

Florida's Citizens Property Insurance Corp. officials say they hope two rating upgrades will help expand the investor base for this week's pricing of $1 billion of senior revenue bonds.

Fitch Ratings downgraded Columbus Regional Healthcare System, Ga., bonds to BB-plus from BBB following unexpected deterioration in performance.

Florida Gov. Rick Scott has ordered state agencies to prepare lists of "critical state funding needs" in the event there is a government shutdown on July 1 amid an impasse over the state's fiscal 2016 budget.

Volvo Car Corp.’s selection of Berkeley County, S.C., to locate its first U.S. factory is a credit positive for the county and the state, Moody's Investors Service said.

Florida’s private passenger train developer has hired Miami-based contractor Archer Western to upgrade a 66-mile segment of rail infrastructure between Miami and West Palm Beach.

Louisiana, grappling with a $1.6 billion budget deficit that could hit its colleges and universities, has already cut state higher education funding by more than all but one other state, a study found.

The developer of the private All Aboard Florida passenger train expects to complete the project even if it cannot benefit from $1.75 billion in tax exempt private activity bonds, according to documents filed in federal court.

Jefferson County, Ala., officials traveled to New York to meet the “financial community” and rating agencies on the county’s progress since existing bankruptcy.

An Atlanta City Council committee will hold a May 18 public hearing and virtual town hall meeting on the $1.97 billion fiscal 2016 budget to ask residents about their thoughts on spending priorities.