State of Florida

South Florida commuters stuck in traffic may see some relief ahead as Miami-Dade County steps up investment in its transportation infrastructure.

The state's record-high budget includes relief from the federal American Rescue Plan Act.

Revenue from the new law would replenish the state's unemployment fund and then cut taxes on commercial real estate rents.

With federal aid rolling out, the municipal credit picture is improving and issuers are coming to market at a faster clip. An infrastructure package could push issuance levels even higher.

The pact may generate up to $2.5 billion in revenue for the state in the next five years and $6 billion through 2030.

The state’s unemployment rate has remained below the national rate for eight months in a row and has fallen by 0.2% over the year.

The state says the Centers for Disease Control's anti-COVID-19 safety protocols for the cruise ship industry are illegally burdensome and exceed its authority.

Over half of the $4.3 billion rise in the $96.6 billion budget proposal is related to costs associated with the COVID-19 pandemic.

The city has leveraged $10 million in Miami Forever bond proceeds by 20 times to provide $200 million to build affordable housing units.

While Florida has gained jobs for eight straight months, Fitch warns it could take up to four years for the travel, leisure and hospitality sectors to recover, areas that play an important role in the Sunshine State's economy.