Southeast

Even with their largest county in bankruptcy, Alabama state legislators refused again to provide fiscal relief to Jefferson County and ended their regular session at midnight Wednesday.

A report requested by lawmakers on the Metropolitan Washington Airports Authority supports its financial projections for the Metrorail extension to Dulles Airport, but raises concerns about MWAA's transparency, conflicts of interest and contracting practices.

DALLAS — Louisiana Treasurer John N. Kennedy criticized Gov. Bobby Jindal Tuesday for using scare tactics in a dispute over the House’s refusal to appropriate non-recurring revenues in the fiscal 2013 budget.

WASHINGTON — The Virginia Resources Authority will execute the largest deal in its nearly 30-year history next week, when it plans to sell $350 million of bonds to help 15 local issuers finance infrastructure projects and refund previously issued debt.

Gov. Bob McDonnell announced Tuesday that Virginia’s revenue collections rose 10.6% in April.

A bill authorizing $325 million of revenue bonds to upgrade Louisiana’s rural roads was sent to Gov. Bobby Jindal last week without receiving a single negative vote as it passed through the Legislature.

Gov. Nathan Deal announced that Georgia’s net tax collections for April totaled $1.53 billion, an increase of $152 million or 11% from the year previous.

Fitch Ratings last week dropped the Citrus County Hospital Board, Fla.’s bonds, issued on behalf of Citrus Memorial Health Foundation Inc., to BB-minus from BB-plus. The downgrade affects $39.4 million of outstanding debt.

Miami Beach commissioners last week agreed to ask voters to increase the local tourist tax by 1% to renovate the city’s convention center and pay debt service. The tax will be on the Aug. 14 statewide primary ballot.

The case administrator in Jefferson County, Ala.’s municipal bankruptcy case last week recommended the appointment of an unsecured creditors committee.