Southeast

A preliminary state audit of Hollywood, Fla.'s finances shows troubling past management practices, and unaddressed high pension costs.

The 11th Circuit Court of Appeals has accepted an amicus brief from the Securities Industry and Financial Markets Association in appeals of various municipal bond rulings in Jefferson County, Ala.'s Chapter 9 bankruptcy case.

Standard & Poor's affirmed its BBB rating on Miami's general obligation bonds and its BBB-minus rating on the city's non-ad valorem and limited-tax debt. The outlook is negative.

Alabama prices $340 million of new Garvee bonds Wednesday as part of Gov. Robert Bentley's Alabama Transportation Rehabilitation and Improvement Program.

Audits of Tennessee’s 95 counties show that many are managing resources well through difficult economic times, though some local governments continue to struggle financially.

Miami sells $50 million of revenue bonds next week to qualified investors to refinance a loan used to pay a portion of building underwater tunnels to the Port of Miami.

Standard and Poor’s assigned a BBB-minus rating to a $300 million Transportation Infrastructure Finance and Innovation Act loan for the 95 Express Lanes in Virginia.

Tennessee sold $170.5 million of general obligation bonds on Nov. 14 at the lowest overall interest rates in more than 40 years, state officials said.

Including more poor residents in Louisiana’s Medicaid health-care program would cost the state almost $4 billion over 10 years, the head of the state health department said.

Kentucky has chosen Walsh Construction Co. to build the so-called “downtown crossing,” Kentucky’s share of the massive Ohio River Bridges Project.