Florida

Volusia County school district officials sat in front of the School Board Tuesday evening with a question now nearly age-old: How will the district tackle a backlog of infrastructure projects, some that needed attention as long as a decade ago?

Citizens Property Insurance Corp. in Florida posted a $27 million loss in 2016 stemming from what it calls abusive “assignment of benefit” claims and litigation, which are being reviewed by the Legislature.

All Aboard Florida is assuring supporters of the private passenger train project that it will move forward despite the sales of its owner and an affiliate and pending legislation that the company says could jeopardize expansion plans.

Amie Riggle Berlin, the SEC’s lawyer who handled its case against Miami and Michael Boudreaux, explained the important aspects of a reliance on professionals defense and the need for issuers to stay truthful in their offering documents during a conference panel.

The U.S. Supreme Court will consider a special master’s recommendation, largely favoring Georgia and water agencies there, in the lawsuit Florida filed against Georgia over the apportionment of water from the Apalachicola-Chattahoochee-Flint River Basin.

The Baker Correctional Development Corp. is trying to get a waiver from a mandatory call and federal funds to refund bonds from tax-exempt to taxable, in the wake of an IRS finding that bonds are taxable.

All Aboard Florida said it anticipates launching its Brightline-branded private passenger train service between Miami and West Palm Beach in September, following an introductory roll-out phase.

The Florida House Friday voted to abolish Enterprise Florida, the state’s business development program, and to establish strict controls over the Visit Florida tourism agency, drawing swift rebuke from Gov. Rick Scott.

Sports industry consultant Dave Howard will lead Florida’s privately owned passenger train project as Fortress Investment Group explores expanding All Aboard Florida’s Brightline-branded service to other states.

Florida legislative leaders signaled they are out of lockstep with the governor's policies on economic development, borrowing, and state spending as their legislative session began this week.

The Glades Correctional Development Corp. in south-central Florida shorted its March 1 debt-service payment, the trustee said in a notice, as the date for a taxable bond exchange approaches due to an IRS ruling.

California efforts to embed more consumer protections into PACE loans are advancing on two tracks.

Facing the loss of millions in federal funds, the Miami-Dade County Commission voted to comply with immigration authorities' orders to hold jailed undocumented inmates regardless of the cost to the county budget.

Issuers across the Southeast brought $71.7 billion of municipal bonds to market in 2016, a 3.3% year-over-year increase that was generated largely by refundings.

The Glades Correctional Development Corp. in south-central Florida said that it received a preliminary Internal Revenue Service determination that its 2006 bonds violate the private activity use test.

Lakeland Regional Health and Orlando Health disclosed to bondholders on EMMA that they have signed a letter of intent to create an integrated regional health care system.

President Trump's "sanctuary city" order is expected to foreshadow more long-term turbulence for urban-federal relations as the president sought to force compliance with his objectives by threatening to cut federal funding.

A federal court should dismiss two lawsuits challenging bond financing for the All Aboard Florida train project because the new administration will review future private-activity bond applications, court filings said.

Florida Gov. Rick Scott unveiled a record $83.5 billion budget for fiscal 2018 that could set the stage for a confrontation with lawmakers over borrowing plans.

The bonds of 16 affordable housing properties affiliated with Global Ministries Fellowship were downgraded by S&P Global Ratings, sending 14 more of the credits to junk.