Florida

Port St. Lucie, Fla., will only recover 6% from the bond-laden incentive package the city used to lure a digital effects studio to town.

Tax-exempt bonds give municipal issuers a unique advantage in negotiating public-private partnerships, a factor that some municipal market and legal advocates say should not be overshadowed.

Municipal market participants are urging the Treasury Department and Internal Revenue Service to withdraw their proposed rules on political subdivisions, claiming they are unnecessary, possibly illegal, and would disrupt the municipal bond market.

The Internal Revenue Service has closed two audits with no change to the tax-exempt status of $117.73 million of utility revenue bonds issued by the Village Center Community Development District in 1998 and 2003, but retired in 2014.

Miami’s “dramatically improving and diverse economy” was a driving force that led Moody's Investors Service to upgrade the city’s general obligation bonds to Aa3 from A1, despite pending SEC and pension suits.

Orange County, Fla., prices $84 million of triple-A-rated new money bonds Wednesday to finance water and sewer expansion projects for its currently debt-free utility system.

Florida-based GrayRobinson PA has teamed up with Capitol Insight, an influential lobbying group that will complement its government relations and lobbying practice, the firm said Wednesday.

Despite what they say is low unemployment in their states, four governors who spoke on a panel at the Milken Institute Global conference said job creation is their main priority.

A Corps of Engineers study assessing storm and flood risks is credit positive for Florida’s local governments because it will prioritize projects eligible for federal funds, Moody's Investors Service said Friday.

West Palm Beach, Fla.’s plan to borrow $60 million in taxable bonds to boost its already 83% funded police pension plan received divergent views from market experts.

Florida bond director Ben Watkins does not believe public-private partnerships that include private financing benefit the public sector, but P3 proponents disagree.

California is the least prepared to weather a recession of the four most populous states, according to a Moody’s Investors Service fiscal stress test.

Bond attorney Kareem Spratling, whose career was boosted by timely mentoring, wants to assist the careers of lawyers of diverse backgrounds as chairman of the Diversity Committee for the National Association of Bond Lawyers.

Florida Gov. Rick Scott signed a bill Monday creating the Florida Department of Transportation Financing Corp., to issue tax-exempt bonds for agency projects that will include public-private partnerships.

A federal judge approved a $20 billion settlement with BP to resolve litigation brought by five Gulf coast states over the BP Deepwater Horizon oil spill.

Hartsfield-Jackson Atlanta International Airport launched a $6 billion, 20-year capital plan; the world’s busiest airport is part of a wave of U.S. airports spending money on infrastructure as traffic booms.

Some investors holding millions of dollars of bonds in default in the Florida panhandle are upset by what they see as inaction by trustee Bank of Oklahoma Financial and a fired employee with links to accused fraudster Christopher Brogdon.

Florida Gov. Rick Scott vetoed a bill that would have created an independent authority to take over Gainesville Regional Utilities.

Gov. Rick Scott signed the Utility Cost Containment Bond Act into law.

A Florida bill that an industry association believes could increase borrowing costs for Gainesville Regional Utilities has been sent to Gov. Rick Scott for his signature.