Southeast

Florida Gov. Rick Scott unveiled a record $83.5 billion budget for fiscal 2018 that could set the stage for a confrontation with lawmakers over borrowing plans.

Louisiana may rely on a P3 to finance the widening and other upgrades to Interstate 10 in Baton Rouge.

The bonds of 16 affordable housing properties affiliated with Global Ministries Fellowship were downgraded by S&P Global Ratings, sending 14 more of the credits to junk.

A federal judge has denied former Miami budget director Michael Boudreaux's motion for a new trial after a jury found him guilty of securities fraud for misleading municipal bond investors, but he is still exploring options for appeal, his lawyer said.

Facing a second $300 million deficit this year, Louisiana Gov. John Bel Edwards said lawmakers must meet in a special session and “use a scalpel, not a sledge hammer” to make strategic cuts.

With Florida facing a structural budget imbalance, lawmakers advanced a comprehensive gaming bill that would bring millions in new revenue and establish “predictability for our state budget,” its sponsor said.

In oral arguments on Jefferson County, Ala.’s bankruptcy plan last month, the 11th Circuit Court of Appeals expressed concern that ratepayers challenging the plan did not request a stay before bonds were sold.

Most of the oil states have gone into recession, S&P Global Ratings said in a new report.

After R.J. Reynolds sold four cigarette brands to ITG Brands, Florida Attorney General Pam Bondi sued the companies saying they have refused to comply with terms of the state’s 1997 tobacco settlement deal.

Arlington Memorial Bridge was closed to vehicles during inaugural weekend to prevent further damage to the historic span.