Florida

Indian River and Martin counties filed motions for summary judgments requesting a federal judge block the $1.75 billion private activity bond allocation for All Aboard Florida’s Brightline passenger train project.

A federal court judge has approved Miami's $1 million settlement with the Securities and Exchange Commission over charges the city acted fraudulently in taking steps to hide its deteriorating financial condition from bondholders.

The Florida Hurricane Catastrophe Fund is well positioned to absorb losses, the fund’s financial advisor says, even though $454 million in insurance claims have been filed since Hurricane Matthew brushed the state.

The city of Tamarac brings a small deal to market amid a heavy slate this week that officials believe is only the third public green bond offering from Florida.

Miami agreed to pay $1 million to settle securities fraud charges after the city was found guilty by a local jury of playing a shell game to hide its deteriorating financial condition from bondholders.

The city of Miami will consider paying $1 million, as recommended by City Attorney Victoria Mendez, to settle a Securities and Exchange Commission’s lawsuit.

Charlotte, N.C., will buck a recent trend and keep embattled Wells Fargo Securities on its sale of up to $150 million of general obligation bonds, saying the investment bank has served the city well.

The Internal Revenue Service has informally advised the Baker Correctional Development Corp. in Florida that $45 million of first mortgage revenue bonds it issued in 2008 are taxable.

Miami officials will hold a special meeting with attorneys to determine whether to accept a settlement with the Securities and Exchange Commission in light of a verdict finding the city guilty of securities fraud.

Miami City Manager Daniel Alfonso said the city has received a proposed settlement of the Securities and Exchange Commission's case, in which a jury found the city guilty of securities fraud last week.

With passenger levels continuing to exceed expectations, the Greater Orlando Aviation Authority plans to issue $189.4 million of airport revenue bonds for its capital improvement and expansion plans at Orlando International Airport.

Opa-locka faces potentially expensive legal challenges that could push the already troubled small south Florida city closer to bankruptcy.

The Central Florida Expressway Authority plans a $425 million advance refunding spurred by continued low interest rates in the bond market and reduced negative arbitrage.

Amid a federal corruption probe, Opa-locka, Fla.'s former manager, David Chiverton pleaded guilty to taking pay-offs as a state financial oversight panel attempts to prevent the city from having to file for bankruptcy.

After four years of record spending, Florida’s economists believe the state budget is headed for structural imbalance due to tax cuts and rising program costs even though revenues are expected to continuing rising.

The Florida Municipal Power Agency named Peabody Energy Corp. executive Jacob A. Williams, a veteran of the private utility sector, to be its new general manager.

Jacksonville voters agreed to keep a local half-cent sales tax for 30 years to help pay down nearly $3 billion in city pension obligations amid a lawsuit challenging Tuesday’s referendum.

The Florida Legislature’s incoming senate president will sponsor a $2.4 billion environmental program that would be financed with $1.2 billion of state bonds to build reservoirs that would store polluted water.

A Florida panel overseeing Opa-locka’s finances learned that the city is in default on $8.6 million in privately placed bank loans and acceleration of the debt is imminent.

South Florida can expect Zika-related travel advisories to hurt tourism and related tax revenues, S&P Global Ratings said. The only question is by how much.