Tennessee

The coming fiscal year will have more than 10 times the state bonding as the current fiscal year.

S&P Global Ratings primarily cited a "precipitous decline" in unrestricted cash to explain its triple-notch downgrade of the system.

The planned fiscal 2026 increase in bonding is expected to continue for several years.

The school wants to be able to offer bonds supported by its general fund and not just bonds its revenue streams.

Principal Street Partners will acquire the bankrupt firm that specialized in high-yield bonds issued for senior living facilities and charter schools.

Nashville, Tennessee, voters approved a $2 billion bond measure, while Lancaster County, South Carolina, and Cary, North Carolina, opposed the bond referendums.

Large measures to authorize or support bonds are on the menu in several of the region's largest cities and suburbs.

The $80 million bond deal will build a ballpark for the Chattanooga Lookouts that city officials say will revitalize a neighorhood.

Fitch cited economic and demographic factors in explaining the downgrade.

S&P cited increased near-term capital needs in explaining the lowered outlook.