Florida

"Florida may have the statutory authority to abrogate an agreement, but  what does that say for things going forward?" asks Joseph Krist, publisher of Muni Credit News. "Why couldn't an anti-development administration do the same thing in reverse to somewhere like the Villages?"

The collapse of the cryptocurrency exchange platform FTX had prompted the county and the team to look for a new partner for the 19,600-seat arena.

In fiscal 2021, 27,004 jobs were created in Florida alone through space agency spending, according to the space agency's calculations.

Walt Disney Co. limited the powers of the municipal authority that governs its Florida theme parks ahead of a takeover by allies of Gov. Ron DeSantis.

The bill would create a state investment fund and establish a debt reduction program to be administered by the Division of Bond Finance.

"Florida will not side with economic central planners; we will not adopt policies that threaten personal economic freedom and security," said Gov. Ron DeSantis.

Thirty brokerage firms overcharged for the Santa Rosa bridge bonds after relying on data vendors who provided incorrect factors to determine the price.

So far 12 states have enacted ESG statutes with 67 pending statues in 28 states, according to the Morgan Lewis law firm. Florida's anti-ESG bill goes farthest.

Fitch said revenues improved significantly in fiscal 2022, more than doubling the prior fiscal year total and exceeding the pre-pandemic peak recorded in fiscal 2018.

Fitch said the action "reflects the recent enactment of legislation clarifying the future operational profile of the district," formerly controlled by Disney.

"The outlook revision reflects recent state legislation that provides for the district's continued ability to levy ad valorem taxes," said S&P analyst Christian Richards.

The municipal bond market gets sucked further into the culture wars with Florida's latest plan to ban issuers from considering ESG factors when issuing debt.

Spending on climate proofing infrastructure and other green capital developments increased 68% while overall volume tumbled 13% in the region.

The new law gives the governor the power to appoint the Disney district's board members and renames it the Central Florida Tourism Oversight District.

"The main point is that this is a change primarily in name only," said Ben Watkins, head of the state's Bond Division. "There will be no impact on debt whatsoever."

"Our budget proposal not only builds on the successes of the past four years, but ensures that Florida will continue to thrive," said Gov. Ron DeSantis.

"We're going to see job growth, population growth, gross domestic product growth and we're very excited," says Mark Wilson, president of the Florida Chamber of Commerce.

Miami-Dade County Mayor Daniella Levine Cava unveiled plans to create an authority to fund innovation while Miami City Mayor Francis Suarez focused on the environment and housing affordability.

A number of states are taking aim at tax reductions, though some experts view the move as misguided policy.

By an almost four-to-one margin, voters approved a charter amendment requiring voter approval to transfer ownership of the county's airport, seaport or tollway.