Florida

Tampa Bay Water, a regional supplier for three counties on the west coast of Florida, is expected to ask for a new trial after losing a $100 million civil suit last week for what it claimed was a faulty reservoir design, according to published reports.

BRADENTON, Fla. — Florida Gov. Rick Scott Tuesday signed into law a $70 billion budget for fiscal 2013, lauding the fact that it contains $1 billion more for K-12 education while bridging a $1 billion funding gap.

Tampa Bay Water, a regional supplier for three counties on the west coast of Florida, counted on winning $100 million for what it claimed was a faulty reservoir design.

Moody’s Investors Service on Tuesday placed the A3 rating on Tampa General Hospital’s debt on review for possible downgrade.

BRADENTON, Fla. — Orange County, Fla., on Tuesday plans to take bids for $116.8 million of taxable and tax-exempt sales tax refunding bonds.

WASHINGTON — The Internal Revenue Service is auditing two special assessment bond issues totaling $64.46 million that were sold in May 2006 by the Wentworth Estates Community Development District in Florida and went into default.

BRADENTON, Fla. — A proposed tax-credit program designed to raise money for the Florida Hurricane Catastrophe Fund, and reduce its reliance on the bond market, is raising eyebrows and questions.

Broward County, Fla., inspector general John Scott said Monday that top employees in the city of Lauderdale Lakes “have grossly mismanaged public funds entrusted to its care.”

BRADENTON, Fla. — Miami officials have been told that civil charges may be brought against the city for failing to disclose serious budget problems in recent bond offerings.

The Florida Legislature's fiscal 2013 budget taps reserves of the state's 11 public universities to help balance the state budget — "a clear credit negative" for the schools, according to Moody's Investors Service.

BRADENTON, Fla. — The Orlando-Orange County Expressway Authority in central Florida is extending the call date on all or a portion of $185.8 million of term bonds at the request of Citi.

Jacksonville officials hope to net big savings next week when they price $557.5 million of refunding bonds.

On the last day of the Florida Legislature’s annual session Friday, lawmakers gave Miami an exemption from paying property taxes on the four parking garages it financed for the Miami Marlins’ new baseball stadium.

BRADENTON, Fla. — The Florida Legislature ended its 60-day session late Friday after passing a $70 billion budget for fiscal 2013.

BRADENTON, Fla. — The Bank of New York Mellon will distribute the toll revenues of Florida’s Santa Rosa Bay Bridge Authority to holders of the agency's defaulted bonds later this month.

BRADENTON, Fla. — The 198-bed Citrus Memorial Hospital, near the west coast of Florida, sank further into non-investment-grade territory Wednesday when Moody's Investors Service downgraded its debt to Ba3 from Ba2.

Fitch Ratings on Monday downgraded the Orlando Community Redevelopment Agency’s tax-increment financing revenue bonds to A from A-plus.

Citizens Property Insurance Corp.’s board of governors Monday voted unanimously to appoint Tom Grady as interim president.

BRADENTON, Fla. — Investors will see triple-A rated Broward County, Fla., in the market over four days next week pricing $462 million of new-money and refunding bonds.

The Florida PACE Funding Agency short-listed firms on Friday to negotiate for banking and administrative services.