Florida

On Nov 5, Miami-Dade County voters will decide whether to tax themselves to issue $830 million of general obligation bonds for capital needs at Jackson Health System.

The Securities and Exchange Commission filed a lawsuit Friday against Miami, Fla. and the city's former budget director, charging them with securities fraud for making faulty disclosures in connection with three 2009 bond offerings totaling $153.5 million.

A Florida community development district's lawyer is urging the Internal Revenue Service's chief counsel to reconsider a ruling against the CDD, arguing it is incorrect, biased, lacks legal analysis and ignores precedent.

Miami Beach Commissioners selected Tishman South Beach ACE as the master developer for a $1 billion convention center and entertainment district.

Miami-Dade County is pricing $487.5 million of water and sewer revenue bonds this week in support of a multi-billion dollar initiative to finance improvements.

Jacksonville, Fla., and the NFL's Jaguars will fund $63 million in mostly bond-financed stadium improvements, including two of the largest-ever video scoreboards.

The Internal Revenue Service's adverse ruling about the Village Center Community Development District will not impact other Village CDD bonds that Fitch rates.

Florida's Citizens Property Insurance Corp.'s chief financial officer, Sharon Binnun, has submitted her resignation effective July 5.

Central Florida's Orlando-Orange County Expressway Authority soon will search for a new chief financial officer following the resignation of Nita Crowder.

As the state of Florida works on its largest public-private partnership project, local governments hope a bill waiting for the governor's signature can expand the use of P3s.

Voters approved the issuance of $365 million of ad valorem tax bonds June 4 by the Reedy Creek Improvement District, a Florida public corporation that serves Walt Disney World.

The Internal Revenue Service's ruling against the Village Center Community Development District in Florida may not be as wide-ranging as originally thought because of the unique set of facts that were found to be abusive by the IRS, market participants said Thursday.

In a precedent-setting decision that could have major ramifications for issuers, the Internal Revenue Service has ruled a Florida Community Development District is not a political subdivision that can issue tax-exempt bonds.

The Miami-Dade County commission gave final approval for an overall $4.24 billion bond program to finance the cost of water and sewer improvements.

With two rating upgrades, Orange County, Fla., will sell $40.2 million of public service tax refunding revenue bonds competitively on Tuesday.

Miami Beach is participating in the two-year RE.invest Initiative funded by the Rockefeller Foundation to help the city rethink the way it designs, plans, implements, and finances infrastructure.

Florida municipalities experienced a "slight improvement" in their overall financial state, and could budget reserves for emergencies now, the Florida League of Cities said.

The Internal Revenue Service is auditing $11.04 million of educational facilities revenue bonds that Sarasota County, Fla. issued in 2010, the proceeds of which were lent to the nonprofit Sarasota School of Arts and Sciences, Inc. to finance charter school facilities.

The Rockefeller Foundation selected eight cities to participate in the RE.Invest Initiative, a national effort to support sustainable infrastructure that includes financial advice on P3 options.

Miami-Dade County's proposed $12.6 billion water and sewer system capital plan is already attracting firms interested in public-private partnerships, Mayor Carlos Gimenez said.