Southeast

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.

BRADENTON, Fla. — Georgia has restarted the Northwest Corridor congestion-reliever project in the Atlanta metropolitan region using a traditional approach to its construction and funding, as opposed to a public-private partnership.

BRADENTON, Fla. — In a rapid fall from grace, the popular Fulton Science Academy Inc. in Georgia has seen its BBB investment-grade rating plummet to CC less than seven months after issuing $19 million of bonds.

DALLAS — Top Louisiana officials said Monday that higher education and public health would be devastated by fiscal 2013 spending cuts mandated by a budget passed late last week by the House.

BRADENTON, Fla. — Atlanta's proposed 13-year extension to comply with the terms of a federal consent decree related to sewer overflows is a credit positive, Moody's Investors Service said in a special report Monday.