State of Georgia

Florida’s attorneys cite flaws and errors in a special master’s report to support overturning its conclusions.

Refundings and taxable deals were also up substantially, driving the region to $75 billion of municipal bond volume, up 32.6% from 2018.

The governor has recommended a $54.15 billion budget amid flat state revenue collections in the current fiscal year.

Florida says it was harmed, but the special master in the water rights case said Florida lacked clear and convincing evidence that Georgia is responsible.

Gov. Brian Kemp asked state agencies to reduce spending by 4% in the current budget and by 6% in fiscal 2021.

A special master will hear oral arguments Thursday in the federal lawsuit Florida filed in 2013, as both states incur significant legal costs.

The Peach State hit the municipal market with a bevy of bond sales on Wednesday.

The municipal bond market went back to school on Tuesday as the Federal Reserve met in Washington.

The Federal Open Market Committee is meeting this week and the muni market is looking for rate cut signals.

Traders are now pricing in a more than 80% chance of a rate cut in July.

Another big week lies in store for the municipal bond market, with a variety of big name issuers ready to sell bonds.

The bid to have the state government edge out Atlanta for control of the busy airport remains active for next year's legislative session.

A bill moving through the state legislature would wrest the airport from the city's control and place it under a state authority.

Ron DeSantis in Florida focuses his bond priorities on Transportation while Georgia's Brian Kemp wants to fund statewide capital needs.

Gov. Nathan Deal, who leaves office Monday, said incoming state revenues were down 4.5% in December compared to 2017.

Gov. Nathan Deal said tax revenue collections fell 0.7%, though year-to-date collections are up nearly 7%.

The region's volume numbers were supported by favorable market conditions that drove several large gas prepay deals.

The U.S. Supreme Court case heightens the risks for Georgia, because authorities could be forced to borrow to build alternate water systems.

The opinion said Florida met its initial burden in proving that a cap on Georgia’s water withdrawals could be considered further.

Municipal bonds were ending stronger on Tuesday as several large, high-grade deals led by Georgia and Denver swept into the market.