Louisiana

The archdiocese allegedly backed away from repeated promises bond parties would be paid in full, they said.

Tom Kozlik said he was particularly concerned about the impact of a scaled-back FEMA on issuers in the Southeast.

The bond panel approved $215 million in public facilities revenue bonds and $125 million in housing bonds.

Southeast state governments are among the most dependent on federal Medicaid, SNAP and FEMA funding.

A legislative office predicted the tax cut package would lead to a loss of $500 million a year rather than be revenue neutral.

The rating agency cited concerns about limited unrestricted reserves for lowering its rating outlook for more than $1 billion of debt.

The third-most-populous Louisiana city is closing out a 2021 bond authorization, but has plenty left from a 2024 bond referendum.

State officials say the long-term infrastructure service contracts Sustainability Partners signs with municipalites should be legally treated as long-term debt.

The commission also approved converting a GO bond sale from competitive to negotiated.

Tolling on the Belle Chasse Bridge is expected to start Tuesday.