Florida

Martin County, Fla., filed a petition for writ of certiorari Sept. 3 asking an Orange County court to overturn approval of the $1.75 billion in bonds for Florida’s passenger train project.

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.

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.

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

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.

The Vaccine & Gene Therapy Institute announced Friday that it will wind down operations by Oct. 1, leaving Port St. Lucie, Fla., on the hook for bond payments.

Riviera Beach, Fla., plans to price $57 million of pension obligation bonds Wednesday as part of a restructuring that closes the city’s own pension system to future hires.