Georgia

State budget writers are under increased pressure to allocate resources to struggling hospitals as the effects of expiring health care tax credits leave more people uninsured.

Senior bondholders will take a nearly 70% haircut.

The world's busiest airport by passenger count is issuing bonds to support its sizable capital program.

"The upgrade also reflects the city's continued financial strength that has extended for decades and been preserved even during recessionary periods via prudent budget management," analysts said. 

Leverage issues led to Fitch lowering the outlook on the AA-minus-rated bonds.

Democrats have, at least temporarily, blocked measures that would have led to local sales tax increase referendums.

"The upgrade recognizes two important factors: the strong operating performance of Vogtle Units 3 and 4 since entering commercial service and the strength of the project's contractual framework," said Ernest Libershteyn, MEAG director of finance and treasury.

For the first time since 2023, Georgia will bring its general obligation bonds to the municipal bond market, with a $1.57 billion competitive deal.

Macon-Bibb County, Georgia, plans to issue $350 million of debt for new sports and entertainment arena anchored by a team called the Macon Mayhem.

Four deals were on the day-to-day calendar, "playing it close to the vest, and all of a sudden, boom, they all get done," said Pat Luby, head of municipal strategy at CreditSights.

Mayor Andre Dickens wants to extend tax allocation districts, which could generate $5 billion to $7 billion that could back bonds.

Yilma worked at Hunton Andrews Kurth LLP from 2014 to 2021.

The bond sale follows an upgrade by S&P Global Ratings but comes while the city is in the midst of an extreme drought.

Senior bonds most recently traded for 30 cents on the dollar.

Observers say there is a real chance that Democrats may win the governorships of Florida and Georgia, affecting the states' fiscal policies.

While the state is most concerned about stopping the fires, credit rating agencies are monitoring the situation.

The rating agency cited the prospect of lowered debt service coverage ratios in the next three years.

The legislature passed bills to cut personal income tax rates over time and limit increases on homestead property tax payments to the rate of inflation.

Virginia and Georgia topped the list of high performers and Alaska and California received the lowest marks in the Reason Foundation's analysis.

Rapidly rising property values have led many Republican legislators to back measures that would substantially reduce local government property taxes.