Southeast

Kentucky, after plugging billions into its massively underfunded pensions this year, is hitting the brakes on transportation spending.

North Carolina’s Fayetteville Public Works Commission auctioned $114.4 million of 25-year bonds on Wednesday, resulting in yields lower than the utility’s last foray into the market two years ago.

South Carolina Gov. Nikki Haley gave her assent to a bill authorizing $2.3 billion of revenue bonds for highway projects.

West Virginia is closer to a state government shutdown after Gov. Earl Ray Tomblin vetoed the fiscal 2017 state budget, saying the spending plan lawmakers approved unwisely draws on the state reserves and threatens its bond ratings.

The North Carolina Council of State Tuesday approved issuing $200 million of the $2 billion in general obligation bonds that voters approved in March; the deal will be sold in late July.

Louisiana Gov. John Bel Edwards opened the state's third legislative session Tuesday urging lawmakers to resume work on a budget for 2017 that 'no one likes' in order to prevent severe cuts to critical state services.

Voters in Wake County, N.C., will decide in November whether to approve a 0.5% increase in the local sales tax to fund a 10-year, $2.39 billion transit plan to reduce highway congestion in the Raleigh area.

Triple-A rated Georgia will auction $1.4 billion of general obligation bonds Tuesday, with analysts seeing the state benefiting from six years of positive revenue performance.

West Virginia lawmakers sent Gov. Earl Ray Tomblin a budget for fiscal 2017 that relies on reserves, cuts and one-time measures that the governor had already threatened to reject.

The North Carolina House voted 81-27 Thursday to cancel the Interstate 77 toll road project and send the bill unwinding the state’s first public-private partnership to the Senate.