Louisiana

Louisiana will use a short-term borrowing strategy to avoid disclosure requirements that would be challenging in the midst of a gubernatorial transition.

The way Louisiana addressed a $487 million mid-year deficit with one-time budget cuts exacerbates credit pressures facing the state, Moody's Investors Service said.

Recent actions by Louisiana lawmakers to close a nearly $500 million budget deficit, amid uncertainties that may lead the state to privately place its next borrowing, could to pressure on the state’s credit ratings, according to Fitch Ratings.

Seven U.S. cities intend to dedicate 10% of their annual budgets toward resilience strategies under a worldwide program designed to fortify urban centers.

Louisiana legislators approved a $500 million budget deficit reduction plan by the Jindal administration, though some complained it does not address the state’s structural imbalance.

After amassing nearly $2 billion in unused bonding authority from Louisiana and Florida the past few years, BioNitrogen Holdings Corp. filed for Chapter 11 bankruptcy on Nov. 3.