Southeast

Atlanta Mayor Kasim Reed has proposed a $1.9 billion spending plan for 2015, and the city is using social media to get the public involved with the budget process.

S&P cut the ratings on the bonds of Tuomey Healthcare System in South Carolina two notches, to CC from CCC, citing the hospital's plan to file for bankruptcy if it fails to prevail in a federal lawsuit.

Florida lawmakers unanimously passed Senate Bill 230 to create a new regional toll road agency, and abolish the embattled Orlando-Orange County Expressway Authority, which has $2.6 billion of debt.

Kentucky Gov. Steve Beshear signed a bill May 1 help finance $180 million in improvements at the Kentucky International Convention Center in Louisville.

Junk-rated Citrus Memorial Hospital in Florida continues to see financials decline and its ratings drop further into junk territory while its bonds continue to trade near par.

Virginia has joined a program to reform the state's economic development incentive programs to deliver the strongest results at the lowest possible cost.

Florida lawmakers are in a last-minute push to replace the Orlando-Orange County Expressway Authority on the heels of a scandal that dogs the agency.

South Carolina's Tuomey Healthcare System told bondholders Wednesday that it will file for bankruptcy if it cannot resolve a dispute with the federal government, which won a $237 million judgment against the hospital.

The Florida Government Finance Officers SpaceCoast Chapter and PFM Asset Management sponsor a training seminar on investment practices on May 2.

Atlanta hopes a new financial incentive program will stimulate international air cargo and passenger growth at Hartsfield-Jackson Atlanta International Airport.