Florida

Two student housing developments in Orlando and Tampa, Florida, financed by speculative-grade bonds in 2024, have shown signs of strain.

Property taxation is being targeted in a growing movement across the nation for cuts or elimination to address homeowner angst over rising tax bills.

The Florida county is in the midst of executing a $9 billion capital improvement plan.

Moody's cited very narrow liquidity, very high leverage and concerns about delays in opening up a new campus.

Meanwhile, the Brightline West train project has floated a possible debt exchange ahead of its own mandatory redemption later this month.

Cities are responding to a state directive to remove symbols on crosswalks and other so-called distractions or risk losing state and federal funding.

The bonds are rated A-plus by three ratings agencies and are expected to have serial maturities from 2026 to 2055.

Fitch Ratings cited the hospital's growing revenue and other factors in lifting the issuer's outlook.

The financing challenges facing both Brightline projects have translated into falling bond prices.

While the cost of caring for older people can pressure municipal issuers, in states like Florida wealthy seniors can also contribute to economic vibrancy.

Deston High School defaulted on series 2021A, 2022A and 2022B bonds.

The college's most recent annual comprehensive financial report is for the fiscal year ending June 30, 2023, and S&P is concerned by the lack of timely reporting.

Fitch cited the system's operating performance and plans for up to $4.2 billion in addional debt.

Unless the state government makes changes to revenue or expenditures Florida faces a combined deficit of $8.1 billion in fiscal years 2027-28 and 2028-29.

A Category 5 hurricane could lead to more than $200 billion in damage, Moody's Analytics said in a report released before the 20th anniversary of Hurricane Katrina.

Dan Hartman of PFM attributed the drop to fewer prepaid gas deals, one-time large transactions last year like Jefferson County's and normal timing variations.

Veteran banker Tim Kelly will give Baird's higher education and non-profit sectors a national reach.

The largest investors in the Brightline Florida train have negotiated new terms ahead of an Aug. 13 repayment deadline.

Florida is poised to reap the rewards of spaceport financing legislation, even if some headwinds remain.

Fitch said the train line's ridership and revenue ramp-up continue to lag projections.