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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.
By Shelly SigoDecember 15 -
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.
By Shelly SigoDecember 10 -
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.
By Shelly SigoDecember 7 -
The most significant revenue loss in Florida continues to be the drop in sales tax collections in the tourism and hospitality industries.
By Shelly SigoOctober 29 -
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.
By Shelly SigoOctober 21 -
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.
By Shelly SigoOctober 15 -
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.
By Shelly SigoOctober 14 -
The U.S. Supreme Court denied Indian River County, Florida's request for a writ of certiorari, leaving Brightline's bond financing intact.
By Shelly SigoOctober 6 -
Georgia's MEAG Power, Jacksonville, Florida, and its utility, JEA, received two-notch rating boosts from Moody’s after settling their federal lawsuit.
By Shelly SigoOctober 2 -
Bond restructurings are expected to save Virginia's public colleges and universities $300 million by deferring debt service payments for two years.
By Shelly SigoSeptember 30