Southeast

Gov. Bobby Jindal ordered $166 million of cuts in the state's $25 billion budget for FY2013 last week after the revenue outlook fell by $129 million and by $207 million in FY2014.

Bankrupt Jefferson County, Ala., is continuing to negotiate with creditors over the disposition of $3.14 billion of defaulted sewer debt.

Kentucky's tax reform commission is recommending 54 changes to the state tax code that would generate about $659 million of new revenue annually if fully implemented.

Moody's Investors Service said that Georgia Perimeter College faces more negative credit pressure because its accreditation has been placed on warning by the Southern Association of Colleges and Schools, or SACS.

Virginia Gov. Bob McDonnell unveiled his proposed amendments to Virginia's 2012-2014 budget, an $86 billion two-year plan he said prepares Virginia for the fiscal cliff by increasing cash reserves and flexibility and puts transportation revenue on a firmer footing.

Kentucky and Ohio are forming a bi-state management team to determine how to finance a new, $2.5 billion bridge over the Ohio River between Cincinnati and Covington, Ky.

Despite ongoing federal scrutiny related to past bond deals, Miami closed on the sale of $45 million of revenue bonds Thursday for an all-in, true-interest cost of 3.82%.

The findings of the State Budget Crisis Task Force show that Virginia is in a stronger fiscal position than other large states, but still must begin making changes to close persistent funding shorfalls.

Hoping to entice buyers looking for reinvestments in January, the Orlando-Orange County Expressway Authority sells up to $500M of bonds Thursday after a successful November issuance.

Mountain State University in West Virginia has redeemed its outstanding tax-exempt debt as the private nonprofit institution winds down its operations.