Louisiana

The East Baton Rouge Sewerage Commission plans to achieve savings by refunding taxable bonds with tax-exempts.

State government own-source revenue declined 2.3% in fiscal 2025 from the totals in fiscal 2024.

While victims' attorneys now signal support for the settlement, bond attorneys still oppose the plan.

The bankruptcy court told bondholders and other creditors they should vote on the proposed reorganization by Oct. 29.

A Category 5 hurricane could lead to more than $200 billion in damage, Moody's Analytics said in a report released before the 20th anniversary of Hurricane Katrina.

The State Bond Commission approved 21 municipal entities' elections on tax increases for infrastructure projects, with the increases possibly supporting bonds.

RBC Capital Markets will be the underwriter for the bonds, which will have a maximum maturity of 40 years.

The bonds, scheduled to price next month, will have JPMorgan as senior manager.

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.