Florida

Florida’s three largest counties, Miami-Dade, Broward and Palm Beach, are reporting their first annual increase in taxable property values since 2007.

BRADENTON, Fla. – Florida’s Citizens Property Insurance Corp.’s tax-exempt bond offering Tuesday was oversubscribed 2-1/2 times after receiving $3.8 billion in orders.

BRADENTON, Fla. – The Florida Department of Transportation is preparing to raise tolls to help finance $1.8 billion of road improvement projects.

Florida's Citizens Property Insurance Corp. will bring $1.25 billion of bonds and notes to market in a deal that could be upsized to $1.5 billion if conditions warrant.

Moody’s Investors Service on Monday downgraded Port St. Lucie, Fla.’s senior-lien utility revenue bonds to A1 from Aa3.

The Santa Rosa Bay Bridge Authority, which oversees the 3.5-mile Garcon Point toll bridge in northwest Florida, has canceled its June 13 meeting.

BRADENTON, Fla. — Florida Transportation Secretary Ananth Prasad this week signed an agreement with the Orlando-Orange County Expressway Authority to build the long-planned $1.9 billion Wekiva Parkway.

Part of a noise-mitigation plan for Fort Lauderdale-Hollywood International Airport has fallen apart after the Federal Aviation Administration disapproved portions of it.

The Federal Highway Administration last week approved the location of the $1.9 billion Wekiva Parkway, a 27-mile toll road that would complete a beltway around western metropolitan Orlando.

Don Glisson has been appointed to the board of governors of Florida’s Citizens Property Insurance Corp.

BRADENTON, Fla. — Tampa Bay Water is asking a federal district judge for a new trial after losing its first case to a jury on April 10 after a month-long proceeding.

Fitch Ratings last week dropped the Citrus County Hospital Board, Fla.’s bonds, issued on behalf of Citrus Memorial Health Foundation Inc., to BB-minus from BB-plus. The downgrade affects $39.4 million of outstanding debt.

Miami Beach commissioners last week agreed to ask voters to increase the local tourist tax by 1% to renovate the city’s convention center and pay debt service. The tax will be on the Aug. 14 statewide primary ballot.

The Florida Hurricane Catastrophe Fund may seek up to $1.7 billion of financing from the municipal market in the upcoming months.

BRADENTON, Fla. — Of Florida's 67 counties, an "unprecedented" 52 have joined a lawsuit challenging a new state law that county officials say could impair their ability to make bond payments and meet debt coverage requirements while reducing bonding capacity.

Georgia-based American Maglev Technology Inc. has proposed a 15-mile, $315 million elevated magnetic levitation train project to connect Orlando International Airport with several locations in central Florida, according to the Orlando Sentinel.

Moody’s Investors Service last week downgraded Hillsborough County, Fla.’s community-investment tax revenue bonds to A1 from Aa2, and lowered the county’s court facilities refunding revenue bonds to A1 from Aa3.

BRADENTON, Fla. — Florida's Citizens Property Insurance Corp. Tuesday closed on the largest single catastrophe bond deal, transferring $750 million of risk to the capital market.

Florida Gov. Rick Scott Friday vetoed a bill that would have established a new tax-credit program designed to raise money for the Florida Hurricane Catastrophe Fund, and reduce its reliance on the bond market.

Miami Beach on Monday received qualifications from eight teams interested in a public-private partnership with the city to develop a 52-acre Miami Beach Convention Center District.