Southeast

Virginia Gov. Bob McDonnell has introduced his transportation plan, a major overhaul of the commonwealth's tax system that would see the state gas tax disappear in favor of higher sales taxes and other fees.

Former Charlotte Mayor Pat McCrory became North Carolina's 74th governor on Saturday. He is the state's first Republican governor since 1988.

The Louisiana Stadium & Exposition District's upcoming $343.3 million refunding for the Superdome for the Superdome has been rated A by Fitch Ratings and A3 by Moody's Investors Service.

Atlanta closed fiscal 2012 with $126.7 million in its general fund reserves, an increase of more than $119 million since January 2010. The city now plans to tackle critical infrastructure needs.

The University System of Georgia has completed consolidating eight of the state's 35 public colleges and universities to address, in part, the decline in state funding.

The impacts of property tax caps in the Eastern U.S. states are mixed, ranging from minimal to restrictive, according to a recent report from Standard & Poor's.

Investors who hold some of the $4.5 billion of revenue bonds issued for the controversial Prairie State Energy Project can take heart that the project's long-term economics remain favorable for participating public power agencies despite cost overruns, says Moody's Investors Service.

Kentucky and Indiana settle the 2009 federal lawsuit by two nonprofit groups that could have derailed the $2.6 billion Ohio River Bridges Project. A second federal complaint is still pending.

Georgia is moving forward with the nearly $1 billion Northwest Corridor Project after changing direction on how to proceed with the project to relieve gridlock in the Atlanta region.

Bank of New York Mellon accelerated about $116 million of toll revenue bonds due to ongoing defaults by Florida's Santa Rosa Bay Bridge Authority. The trustee said payment on the bonds is due immediately.