Southeast

Nashville Mayor Karl Dean is proposing a $300 million, bond-financed capital plan for fiscal 2013.

BRADENTON, Fla. — Bond insurer Syncora Guarantee Inc. warned prospective buyers of some of Jefferson County, Ala.'s defaulted auction-rate sewer warrants that the insurer may seek to subordinate that debt to its own claims if the warrants are sold to investors by JPMorgan.

Fitch Ratings last week downgraded the Memphis-Shelby County Airport Authority’s rating to A from A-plus.

Louisiana Secretary of Corrections James LeBlanc said Monday that proposed spending cuts required by the House-approved budget for fiscal 2013 could force the closure of three prisons and the cancellation of a monitoring program for sex offenders.

Ascension Parish, La., may ask voters in November to approve an increase in the parish sales tax to support $80 million of revenue bonds for road projects.

Don Glisson has been appointed to the board of governors of Florida’s Citizens Property Insurance Corp.

After the Alabama Legislature adjourned May 16 without providing Jefferson County fiscal relief, the federal judge overseeing the bankruptcy case will be asked Thursday to give the county additional time to decide whether to reject a lease securing $82.5 million of revenue warrants, the county said in a court filing last week.

After the Alabama state Legislature ended its regular session refusing to provide fiscal relief to Jefferson County, commissioners Tuesday redirected money that might have paid GO warrants to the general fund for operations. The county lacks authority to impose taxes without state approval.

BRADENTON, Fla. — Tampa Bay Water is asking a federal district judge for a new trial after losing its first case to a jury on April 10 after a month-long proceeding.

BRADENTON, Fla. — Morgan Stanley plans to open its first public finance office in Atlanta to expand in the Southeast as growth resumes and infrastructure needs ramp up.