Kentucky

Investors who hold some of the $4.5 billion of revenue bonds issued for the controversial Prairie State Energy Project can take heart that the project's long-term economics remain favorable for participating public power agencies despite cost overruns, says Moody's Investors Service.

Kentucky and Indiana settle the 2009 federal lawsuit by two nonprofit groups that could have derailed the $2.6 billion Ohio River Bridges Project. A second federal complaint is still pending.

The Indiana Finance Authority finalized its agreement and reached commercial close on a deal with WVB East End Partners to design and build the state's part of the massive bi-state Ohio River Bridges Project.

Tom Howard, Kentucky's executive director of financial management, is retiring Dec. 31 after 23 years of public service.

Kentucky's tax reform commission is recommending 54 changes to the state tax code that would generate about $659 million of new revenue annually if fully implemented.

Kentucky and Ohio are forming a bi-state management team to determine how to finance a new, $2.5 billion bridge over the Ohio River between Cincinnati and Covington, Ky.

Standard & Poor's revised its outlook to negative from stable on the Kentucky Economic Development Finance Authority's Louisville arena revenue bonds.

Kentucky has chosen Walsh Construction Co. to build the so-called “downtown crossing,” Kentucky’s share of the massive Ohio River Bridges Project.

A Kentucky legislative task force is in the final stretch of considering major pension plan restructuring options and dealing with a $33 billion liability.

The Louisville and Southern Indiana Bridges Authority approved a development agreement governing the construction, financing, and long-term management of the Ohio River Bridges Project.

Moody's Investors Service downgraded Perry County, Ky.'s general obligation bond rating to Baa2 from A3 noting dependence on volatile coal severance taxes.

Kentucky and Indiana agencies Tuesday are poised to approve the long-awaited master agreement for the financing and construction of the massive $2.6 billion Ohio River Bridges Project.

Coalition for the Advancement of Regional Transportation is challenging the $2.6 billion Ohio River Bridges Project and wants a federal judge to order Kentucky and Indiana to stop work.

Kentucky's general fund collections receipts have been nearly flat for the first two months of fiscal 2013, according Mary Lassiter, the state budget director.

Three groups have filed complaints stating that federal approval for the $2.6 billion Ohio River Bridges Project should be thrown out because laws were violated.

Standard & Poor's assigned a negative outlook to bonds issued for Big Rivers Electric Corp. because the Kentucky utility is losing a big customer.

With Kentucky's unfunded public pension liability at more than $30 billion, a task force is examining how to close the unfunded gap and may consider pension bonds.

Local communities in eight states with a stake in the controversial mostly bond-financed Prairie State Energy coal project in Illinois could face fiscal stress due to the higher than projected rates they are paying and future financial risks, a new report from an pro-environmental group warns.

Municipal bond issuance in the Southeast during the first half of this year was up by 57% to $34 billion - nearly the same amount that was lost between 2011 and 2010.

The Kentucky Transportation Cabinet has issued the final guidelines that three teams will use to develop proposals for building the state's half of the $2.6 billion Ohio River Bridges Project.