Alabama

Alabama Gov. Robert Bentley vetoed the state’s fiscal 2016 general fund budget after warning the GOP-led Legislature that the plan cut too deeply into essential government services.

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

Standard & Poor's upgraded Jefferson County, Ala.'s limited-obligation school warrants two notches to A-minus from BBB.

Jefferson County, Ala., can proceed with an appeal related to the county’s bankruptcy exit plan, the 11th Circuit Court of Appeals in Atlanta ruled Wednesday.

Attorneys in the pay-to-play case involving Jefferson County, Ala.’s sewer deals told a federal judge in recent filings that motions for summary judgment should not be granted.

Stifel Financial Corp. reportedly is in talks to buy Sterne Agee Group Inc., continuing an acquisition spree that's vaulted the St. Louis based brokerage and investment banking firm into the top 10 among municipal underwriters.

Litigants appealing Jefferson County's bankruptcy case want Alabama Gov. Robert Bentley and Attorney General Luther Strange to join their appeal.

Ex-JPMorgan bankers have asked a federal judge to dismiss federal pay-to-play charges related to the sewer deals that helped push Jefferson County, Ala., into bankruptcy.

The Securities and Exchange Commission has filed a motion for summary judgment in its securities fraud case against two former JPMorgan bankers involved in Jefferson County's sewer deals and swaps.

Alabama State University's long-term ratings were dropped far into junk territory, to B from BBB-plus, by Standard & Poor's Jan. 30 due to the “significant” erosion of reserves.

As Alabama sells the final tranche of bonds its $1 billion transportation program, other states gear up for legislative sessions aimed at funding billions in back-logged needs.

The sewer system ratepayers seeking to overturn Jefferson County's bankruptcy plan objected to briefs submitted to the 11th Circuit Court of Appeal by the National Association of Bond Lawyers and Securities Industry and Financial Markets Association .

Standard & Poor's lowered its rating to CCC-minus from CCC on the Aliceville Governmental Utilities Services Corp., Ala.'s bonds citing nearly drained reserves.

Municipal bond groups are seeking federal appeals court guidance in a ratepayer appeal of part of Jefferson County, Ala.'s Chapter 9 bankruptcy plan, saying the district court decision allowing a challenge of the plan threatens to undermine market stability.

Alabama plans to price $508.5 million in highway bonds in mid-January backed by an AAA rating from S&P that could save the state $40 million, the governor said.

U.S. District Judge Sharon Blackburn on Tuesday said that Jefferson County can file a petition with the 11th Circuit Court of Appeals in Atlanta in the county's bankruptcy appeal, while reframing the question, which is critical to holders of Jefferson County sewer warrants.

Alabama is facing a budget shortfall that could reach nearly $700 million in the next few years, according to Gov. Robert Bentley.

Jefferson County, Ala., voters sent all five commission incumbents back into office even after they allowed sewer rates to go up.

The U.S. Supreme Court ruled Nov. 3 that Florida can proceed with its suit against Georgia over fresh water rights.

Jefferson County is bringing additional attorneys into court to assist with its bankruptcy appeal case in U.S. District Court in Birmingham.