Florida

The municipal market can best be described as a "Goldilocks market" due to accommodative federal monetary policy, strong demand and limited supply, bond director Ben Watkins told the Cabinet.

For taking proactive measures to update city infrastructure during the height of pandemic, Tampa, Florida's $362.8 million water and wastewater systems revenue and refunding revenue bond transaction earned The Bond Buyer's Deal of the Year for the Southeast Region.

Task forces studying three proposed toll road projects failed to conclude if there is a need for the new corridors or modifications of existing roads.

Florida’s privately owned passenger train company, which halted service citing the coronavirus pandemic, is bringing $950 million of nonrated private activity bonds.

The Florida Department of Transportation extended the suspension of Garcon Point Bridge toll collections because it is being used as a detour.

The most significant revenue loss in Florida continues to be the drop in sales tax collections in the tourism and hospitality industries.

Nuveen’s John Miller, the biggest backer of Fortress Investment Group Inc.’s Brightline passenger railroad in Florida, had been skeptical of plans to forge ahead swiftly with a multi-billion dollar venture to build a second line running between Southern California and Las Vegas.

The Fortress Investment Group-backed passenger railroad in Florida, Brightline Holdings LLC, is offering to buy back as much as $250 million of bonds from investors for 100 cents on the dollar, about 17% more than where some of the securities have been trading.

Toll collections on the Garcon Point Bridge have been suspended since mid-September because of Hurricane Sally, pitting the bond trustee against the state of Florida again.

Bryant Miller Olive PA has practiced public finance and governmental law across the Sunshine State and the Southeast for five decades.

Disney in late September said it would lay off 28,000 employees at California's Disneyland and Florida's Walt Disney World resorts.

Florida is taking public comments about a toll road program that would add more than 300 miles of highway across broad swaths of the state.

The U.S. Supreme Court denied Indian River County, Florida's request for a writ of certiorari, leaving Brightline's bond financing intact.

Georgia's MEAG Power, Jacksonville, Florida, and its utility, JEA, received two-notch rating boosts from Moody’s after settling their federal lawsuit.

Even with revised estimates amid the pandemic, year-over-year revenue collections in Florida were down 4.6% in August compared with 2019.

Florida State University's voluntary disclosure on lower dormitory occupancy is an example of providing timely information, Moody's Investors Service said.

A multi-part study by Cornell Consulting concludes that Florida should not build three major toll roads that are under consideration.

The Florida Cabinet approved new money and refunding bonds, some of which may be sold as taxable debt with advance tax-exempt refundings no longer possible.

About 500 of Raymond James' workforce will be cut because of a decline in earnings due to low interest rates and the pandemic-induced economic downturn.

In a long-range revenue forecast, a state economist told lawmakers that it could take two or three years for Florida’s hard-hit tourism industry to recover.