Florida

An Internal Revenue Service memorandum that would render a community development district's bonds taxable should not be retroactive because a House committee last year urged guidance on political subdivisions be prospective, the CDD's lawyer said.

After 42 years at Moody's Investors Service, John Incorvaia is retiring after spending most of his analytical career covering Florida. April 30 is his last day on the job.

A second federal lawsuit has been filed challenging the private activity bond financing for the All Aboard Florida train project; the latest suit comes from Martin County, Fla.

The Florida House of Representatives abruptly ended their session Tuesday afternoon following a standoff with the Senate over Medicaid expansion. The session was to run through Friday.

Moody's Investors Service changed the outlook to positive just ahead of a $225.8 million deal by the Florida Department of Transportation to pay for turnpike improvements.

The Florida Hurricane Catastrophe Fund plans to finance a portion of its liquidity needs by issuing $1.2 billion in taxable municipal bonds.

Florida city and county officials worry local powers would be usurped by a bill giving a state agency authority to issue industrial development bonds without their permission.

Martin County, Fla., decided April 14 to hire Chicago-based McDermott, Will & Emery to institute litigation against the All Aboard Florida passenger train project.

Legislation pending in Florida would allow municipal utilities to securitize charges on their customers' water and sewer bills to finance capital.

Florida’s Citizens Property Insurance Corp. expects to issue $1 billion in tax exempt notes in mid-May to provide liquidity for the upcoming hurricane season.

The new Florida Development Finance Corp. board on Tuesday delayed reconfirming the agency's decision to be the conduit for $1.75 billion in private activity bonds for the All Aboard Florida train project.

A bill proposing that the rates of the Florida Municipal Power Agency should be regulated by a state agency could jeopardize its credit ratings, according to Moody Investors Service.

Daytona Beach, Fla.-based Halifax Hospital plans to issue about $112 million of revenue refunding bonds boosted by two rating upgrades.

The recent rejection of Jacksonville, Fla.'s latest pension reform proposal is a credit negative, Moody's Investors Service said in an April 2 report.

Indian River County, Fla., Tuesday filed a lawsuit asking a federal judge to block the issuance of $1.75 billion in private activity bonds for the All Aboard Florida private train project.

Gov. Rick Scott has appointed three to the board of the Florida Development Finance Corp., which will issue $1.75 billion in bonds for the All Aboard Florida private train.

Faced with losing billions in federal funds for low income health coverage, Florida House and Senate Republicans are $4 billion apart on the 2016 state budget.

The Central Florida Expressway Authority won a 1.23% interest rate on a 35-year TIFIA loan Wednesday, the program's lowest-ever long-term rate, a federal transportation official said.

The Florida Hurricane Catastrophe Fund will explore using taxable munis and reinsurance to provide $2.2 billion in liquidity for the upcoming Atlantic hurricane season.

The Third District Court of Appeal in Florida has ruled that property taxes cannot be assessed against privatized military housing at the Key West Naval Air Station.