Shelly Sigo

The municipal market can best be described as a "Goldilocks market" due to accommodative federal monetary policy, strong demand and limited supply, bond director Ben Watkins told the Cabinet.

The Department of Justice filed a federal complaint alleging conditions at Alabama prisons violate the constitution, as the state continues to negotiate public-private partnerships to build three lockups.

The treasurer was released from the hospital Friday after being treated for COVID-19. Louisiana, like most of the country, is seeing a sharp increase in cases.

The most significant revenue loss in Florida continues to be the drop in sales tax collections in the tourism and hospitality industries.

Toll collections on the Garcon Point Bridge have been suspended since mid-September because of Hurricane Sally, pitting the bond trustee against the state of Florida again.

The Louisiana State Bond Commission will refinance $424 million of variable-rate bonds; the deal isn't expected to include the termination of underwater swaps.

The Alabama Public School and College Authority will issue nearly $1.5 billion of bonds and most of the deal will be tax-exempt new money.

The U.S. Supreme Court denied Indian River County, Florida's request for a writ of certiorari, leaving Brightline's bond financing intact.

Georgia's MEAG Power, Jacksonville, Florida, and its utility, JEA, received two-notch rating boosts from Moody’s after settling their federal lawsuit.

Bond restructurings are expected to save Virginia's public colleges and universities $300 million by deferring debt service payments for two years.

A multi-part study by Cornell Consulting concludes that Florida should not build three major toll roads that are under consideration.

In a long-range revenue forecast, a state economist told lawmakers that it could take two or three years for Florida’s hard-hit tourism industry to recover.

In the first two months of the fiscal year, Georgia saw state tax collections, which support the state general fund, increase by 12.4% year-over-year.

As a director in public finance, Maura Davalos will focus on FHA-insured healthcare financings; she will be based in Jacksonville, Florida.

State revenues for fiscal 2020 came in 5.7% lower than Florida forecasters anticipated because of business disruptions caused by the COVID-19 pandemic.

The board of the Jacksonville-owned utility fired its former manager for cause, then resigned en masse; an interim manager is at the helm.

Gov. Ralph Northam and the Virginia Legislature's new Democratic majority want higher gas taxes and new bond financing plans to support road and rail projects.

A grand jury is probing the Jacksonville-owned utility as well as a community-based group and a special City Council investigative committee.

Gov. Henry McMaster wants to sell the state-owned utility after its nuclear project debacle; a report to lawmakers on bids for Santee Cooper has been delayed.

The governor has recommended a $54.15 billion budget amid flat state revenue collections in the current fiscal year.