Georgia

The Georgia World Congress Center Authority Tuesday approved a contract with 360 Architecture to design a $1 billion stadium for the National Football League's Atlanta Falcons.

Moody's Investors Service issued a report on Wednesday that examined the local governments and school districts that rely on federal employment, procurement, Medicare reimbursement and education grants that would be most affected by sequestration.

The National Football League Atlanta Falcons and Miami Dolphins, both made significant headway toward public financing for major stadium projects.

The job of selecting architects and contractors for the Atlanta Falcons' new $1 billion stadium is under way now that Invest Atlanta has approved issuing $200 million of bonds toward the project.

Fitch Ratings revised the outlook on the Georgia DeKalb County Hospital Authority to negative from stable citing a decline in operating cash flow below expectations.

Moody's said that $2.7 billion of bonds issued by the Municipal Electric Authority of Georgia could be downgraded if costs and delays on the Vogtle nuclear plant escalate beyond those known so far.

The Atlanta City Council approved $200 million of municipal bonds to support the construction of a nearly $1 billion stadium for the National Football League's Atlanta Falcons.

Moody's Investors Service said adverse developments at Georgia Power's new Plant Vogtle nuclear construction project are a credit negative.

Fewer governors have been focusing on pension reform in their state of the state addresses this year, but most who propose reform follow through, according to Loop Capital Markets.

Atlanta Mayor Kasim Reed said he will propose a plan of finance for the Atlanta Falcons new National Football League stadium in the next two weeks.

The Georgia House has passed a bill that would revamp governance of the Metropolitan Atlanta Rapid Transit Authority, privatize some services, and impose tighter restrictions on the issuance of bonds.

A new deal to build the Atlanta Falcons a new $1 billion stadium is emerging since state lawmakers would not support it. The Atlanta Development Authority may issue bonds instead.

Historically low interest rates last year helped boost bond sales across the Southeast to $63 billion, an increase of 33% over 2011. The surge in debt was propelled by refundings.

Gov. Nathan Deal on Monday announced that Georgia's net tax collections for January totaled $1.73 billion for an increase of nearly $164 million, or 10.4%.

Word has surfaced that Los Angeles may make an offer for the Atlanta Falcons. The news comes as the Falcons are trying to negotiate for a new $1 billion stadium.

Public Financial Management Inc. has hired veteran Georgia banker Dick Layton as a director in the firm's financial advisory practice in Atlanta.

A win by the Atlanta Falcons against the San Francisco 49ers on Sunday could go a long way toward advancing the team’s quest for a new stadium, Georgia Gov. Nathan Deal hinted.

Atlanta Mayor Kasim Reed plans to propose that the city issue about $300 million of bonds for infrastructure. He also thinks a deal will be reached to build a $1 billion stadium for the Atlanta Falcons.

The three popular suburban Atlanta charter schools that defaulted on $18.93 million of uninsured bonds have proposed a settlement with investors that is expected to result in a loss.

Atlanta closed fiscal 2012 with $126.7 million in its general fund reserves, an increase of more than $119 million since January 2010. The city now plans to tackle critical infrastructure needs.