Southeast

North Carolina legislators have unveiled a compromise general fund budget for the 2016-2017 biennium with final votes slated this week in order to send it to the governor by Friday.

Martin County, Fla., filed a petition for writ of certiorari Sept. 3 asking an Orange County court to overturn approval of the $1.75 billion in bonds for Florida’s passenger train project.

The North Carolina Department of Transportation won a federal court ruling Friday allowing the state to continue work on the $840 million, 20-mile Monroe Connector Expressway.

Port St. Lucie, Fla., has asked a judge to appoint a receiver for The Vaccine & Gene Therapy Institute, which plans to shut down Oct. 1, leaving the city on the hook for bond payments.

Florida legislators can expect a $635 million windfall in the fiscal 2017 budget as state officials plan for new tax cuts amid rising health care costs, a new study said.

A group of Jefferson County, Ala., residents told an appellate court they were denied constitutional protections in the rush to end the county’s “large and complicated” Chapter 9 bankruptcy in 2013.

As the Alabama Legislature resumed work on the state budget due Oct. 1, Standard & Poor's warned that a structurally balanced plan is necessary to maintain the state’s AA general obligation bond rating.

Citing Kentucky’s unfunded pension liabilities, Standard & Poor's Thursday cut the Bluegrass state’s issuer credit rating to A-plus from AA-minus; other ratings were also downgraded.

Broward County, Fla., selected five companies that will compete to become the private partner that will expand the county’s convention center and build an adjacent hotel.

Florida's Martin and Indian River counties launched new legal challenges to the private All Aboard Florida passenger train project within days of a scheduled $1.75 billion bond offering.