Florida

BRADENTON, Fla. — Homebuyers either are shying away from buying homes on the beach or requiring a 60-day guarantee that the oil will not affect the beach before signing real estate contracts, a Naples, Fla., Realtor claimed in a federal lawsuit filed Thursday.

BRADENTON, Fla. — Standard & Poor’s Wednesday dropped Miami’s general obligation bond rating to A-minus from A-plus. The agency also downgraded debt backed by the city’s covenant to budget and appropriate to BBB-plus from A.

BRADENTON, Fla. — The Orlando-Orange County Expressway Authority in central Florida today hopes to begin retail pricing of a two-pronged transaction — including up to $250 million of fixed-rate refunding revenue bonds and a restructuring of $250 million of variable-rate bonds with the termination of associated swaps.

BRADENTON, Fla. — Florida’s elected Cabinet yesterday expressed frustration at the failure of BP and the federal government to shut off the flow of oil spilling into the Gulf of Mexico and perform cleanup efforts.

BRADENTON, Fla. — Broward County in southeast Florida later this month plans to sell $220.2 million of revenue bonds, most of which will be taxable Build America Bonds. The deal represents the county’s first use of BABs and the first time it will leverage a local half-cent sales tax.

BRADENTON, Fla. — Florida Gov. Charlie Crist Friday signed into law a $70 billion budget for fiscal 2011.

BRADENTON, Fla. — Florida last week received $66.6 million out of $80 million in federal grants distributed by the U.S. Department of Transportation for high-speed rail development.

BRADENTON, Fla. — Florida’s AAA implied general obligation rating is “not affected at this time” because of the oil spill crisis in the Gulf of Mexico, Standard & Poor’s said in a special bulletin released yesterday.

BRADENTON, Fla. — As the Deepwater Horizon oil spill expands, attorneys in Florida have begun talking about devising an emergency financing program for a quick clean-up response.

BRADENTON, Fla. — Miami-Dade County commissioners on Tuesday said they stand ready to take over the Jackson Health System should the current board overseeing South Florida’s largest public hospital fail to rectify the financial crisis it now faces.

BRADENTON, Fla. — Florida is on the cusp of joining a nationwide trend by giving local governments the authority to use municipal bonds to help homeowners finance energy-conservation improvements.

BRADENTON, Fla. — Moody’s Investors Service yesterday said the Deepwater Horizon oil spill may ultimately result in negative credit impacts on state and local governments in Louisiana, Mississippi, Alabama, and Florida.

BRADENTON, Fla. — After years of study and indecision, Hillsborough County, Fla., officials have agreed to place on November’s ballot a proposal to increase the sales tax by 1% to fund long-term mass transit projects, including light rail.

BRADENTON, Fla. — On the heels of a rating upgrade, the Florida Hurricane Catastrophe Fund Finance Corp. today plans to complete the pricing of $693 million of tax-exempt revenue bonds.

BRADENTON, Fla. — The Florida Legislature Friday ended its annual session amid concern over the growing impact of the disastrous oil spill in the Gulf of Mexico.

BRADENTON, Fla. — Miami’s former budget director, Michael Boudreaux, on Monday filed a whistleblower lawsuit claiming he was fired for “telling the truth and reporting about malfeasance” by former and current city hall officials.

BRADENTON, Fla. — Two Florida school districts today are closing on the state’s first issuer-subsidy qualified school construction bond deals, which are also the first in the nation to sell as certificates of participation.

BRADENTON, Fla. — Florida lawmakers shortly before midnight Monday reached a compromise on a $70 billion budget for 2011, an increase of $3.5 billion over the current year.

BRADENTON, Fla. — The nonprofit Raymond F. Kravis Center for the Performing Arts Inc. in Palm Beach County, Fla., has paid $320,000 to the Internal Revenue Service to settle a violation of the Internal Revenue Code’s 5% limit on private use in a bond-financed facility.

BRADENTON, Fla. — When Moody’s Investors Service ­released its first round of rating recalibrations for states Monday, Florida failed in its “gilt-edged” quest to win triple-A scores from all three major rating agencies.