Southeast

Gilt-edged Wake County, N.C., is being asked to hold an $810 million bond referendum Oct. 8 to meet the capital needs of the county's fast-growing school district.

The Internal Revenue Service's ruling against the Village Center Community Development District in Florida may not be as wide-ranging as originally thought because of the unique set of facts that were found to be abusive by the IRS, market participants said Thursday.

Moody's Investors Service downgraded Memphis-Shelby County Airport Authority's bond rating to A3 from A2 a day after Delta announced that the airport would no longer be a hub.

Sean E. Ekiert has joined Raymond James as a managing director in Richmond, Va.

Jefferson County, Ala.'s sewer debt deal Tuesday may help it exit the country's largest municipal bankruptcy but it could leave several unresolved legal issues important to the municipal bond market.

In a precedent-setting decision that could have major ramifications for issuers, the Internal Revenue Service has ruled a Florida Community Development District is not a political subdivision that can issue tax-exempt bonds.

The Louisiana Senate voted Monday to put a $113 million surplus from fiscal 2012 into the Medicaid program rather into the rainy day fund.

The watchdog group Common Cause Georgia is requesting that Atlanta schedule a referendum on public financing for the Falcons' $1 billion new stadium.

The Miami-Dade County commission gave final approval for an overall $4.24 billion bond program to finance the cost of water and sewer improvements.

Creditors are asking the 11th Circuit Court of Appeal in Atlanta whether a bankruptcy judge can remove a state-court appointed receiver. Jefferson County is appealing the judge's ruling on the use of sewer system revenues during bankruptcy.