Southeast

The Internal Revenue Service's tentative decision that the Village Center Community Development District in Florida is not a political subdivision could have far-reaching effects on special purpose districts set up for municipal bond issues nationwide.

The Metropolitan Atlanta Rapid Transit Authority will consume its reserves by 2018, and that could derail plans to fund billions in capital needs over the next decade, according to Moody's Investors Service.

The IRS "tentatively" concluded that the Florida Village Community Development District is not a political subdivision, raising questions about the tax-exempt status of community development district bonds nationwide.

Virginia Gov. Bob McDonnell blasted the Metropolitan Washington Airports Authority after a new U.S. Department of Transportation report found numerous flaws in its policies and procedures.

A Kentucky legislative task force is in the final stretch of considering major pension plan restructuring options and dealing with a $33 billion liability.

New Orleans Mayor Mitch Landrieu delivered a proposed budget along with a warning that state spending cuts to higher education and health care will hinder the city’s return to prosperity.

The Louisville and Southern Indiana Bridges Authority approved a development agreement governing the construction, financing, and long-term management of the Ohio River Bridges Project.

The $652 million harbor dredging project for the Port of Savannah, Ga. cleared a major hurdle when the U.S. Army Corps of Engineers signed the Record of Decision approving the project.

In a preliminary report on Florida’s debt capacity, the Division of Bond Finance said that the state’s outstanding debt decreased by $500 million in 2011 and $1.5 billion in 2012.

Jefferson County, Ala., commissioners decided to move forward with a plan that is expected to increase sewer system rates for the first time in at least four years.