Southeast

Florida's economy is stabilizing from the COVID-19 pandemic, but nature and man may bring other threats to its recovery.

The IRS has entered into a closing agreement with the City of Alpharetta following its VCAP request stemming from the sale of a bond-financed conference center.

The deal priced into a market that has seen rising rates for municipal bonds along with record high oil and gas prices.

The low-interest federal loans will complete financing packages for Virginia's express lane extension outside Washington D.C. and Maryland’s Purple Line light rail project.

A report from CreditSights says risks will increase for coastal issuers of municipal bonds with increased flooding at high tides and during storms.

“I want to break ground next year,” Kentucky Gov. Andy Beshear said.

North Carolina Treasurer Dale Folwell talks with The Bond Buyer's Chip Barnett about how the state's economy has remained in financially good health despite dealing with the COVID-19 pandemic as well how the state deals with troubled municipalities. As chair of the debt affordability commission, he chats about bond issuance. He also discusses the ways to reform healthcare and increase transparency. (15 minutes)

Overall volume in the Southeast rose 1.8% last year even as taxable issuance plunged and refunding deals shriveled up.

Graceland drew on reserves to cover the Jan. 1 payment on two bond series and three other series were unable to make their interest payments.

Gross savings from the transaction is expected to be $378 million, or about $11 million a year, which would result in around $250 million in net present value debt service savings.