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But a toll-backed public-private partnership remains possible for the more than $1 billion project.
The city moved to a less-restrictive Stage 2 drought status for water use in another sign after recent rain that a water supply emergency is no longer imminent.
If the referendum passes, it is expected to have major impacts on the finances of local governments in Florida.
Proposals for reforming the Federal Emergency Management Agency are attracting attention from the ratings agencies.
The Texas city will offer $540.55 million of senior lien and $122.45 million of junior lien special tax revenue bonds to investors this week.