Southeast

BRADENTON, Fla. – Florida’s Citizens Property Insurance Corp.’s tax-exempt bond offering Tuesday was oversubscribed 2-1/2 times after receiving $3.8 billion in orders.

BRADENTON, Fla. – The Florida Department of Transportation is preparing to raise tolls to help finance $1.8 billion of road improvement projects.

DALLAS — The New Orleans City Council gave preliminary approval Thursday to two debt refunding proposals that could total $370 million if the market cooperates.

BRADENTON, Fla. — After the sale of $673 million of bonds to finance most of North Carolina's second toll road — the 19.7-mile Monroe Connector — the project has stalled.

Florida's Citizens Property Insurance Corp. will bring $1.25 billion of bonds and notes to market in a deal that could be upsized to $1.5 billion if conditions warrant.

The Louisiana House on Monday approved $3.4 billion of aid to local education in fiscal 2013 by a narrow, disputed vote in the final hours of the 2012 session.

Moody’s Investors Service on Monday downgraded Port St. Lucie, Fla.’s senior-lien utility revenue bonds to A1 from Aa3.

The Santa Rosa Bay Bridge Authority, which oversees the 3.5-mile Garcon Point toll bridge in northwest Florida, has canceled its June 13 meeting.

The Jefferson County, Ala., Commission has scheduled the first of three public hearings on sewer rates, which provide the revenue securing the county’s $3.14 billion of defaulted sewer warrants.

WASHINGTON — The Metropolitan Washington Airports Authority voted on Wednesday to drop a controversial labor agreement from Phase II procurement for its $6 billion, 23 mile metrorail extension project to the Dulles International Airport.