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.

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.

The Southeast has many of the largest ports and cargo airports in the country along with extensive foreign investment that creates exposure to trade turmoil.

The issuing entity said it has collected enough money to pay all outstanding debt service.