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.