Southeast

The Birmingham City Council Tuesday approved a resolution urging Jefferson County’s legislative delegation to reinstate an occupational tax or give the county limited home rule.

Jefferson County, Ala., said Wednesday that it will no longer make payments on its general obligation warrants.

Alabama Gov. Robert Bentley is seeking transportation proposals that will be funded with the first round of financing from $600 million to $650 million of grant anticipation revenue vehicle bonds the state intends to sell.

DALLAS — Louisiana avoided paying swap termination fees totaling more than $66 million on second-lien gas and fuels tax bonds with replacement hedge agreements approved Friday by a special subcommittee of the State Bond Commission.

BRADENTON, Fla. — Miami officials have been told that civil charges may be brought against the city for failing to disclose serious budget problems in recent bond offerings.

The Florida Legislature's fiscal 2013 budget taps reserves of the state's 11 public universities to help balance the state budget — "a clear credit negative" for the schools, according to Moody's Investors Service.

Moody’s Investors Service on Monday downgraded to B3 from Ba3 the long-term rating assigned to Weirton Medical Center in West Virginia.

The latest in a series of grants from the Federal Emergency Management Agency will provide $68 million to New Orleans for street repairs.

Eight creditors holding various claims related to Jefferson County, Ala.’s defaulted sewer debt filed notices late Monday saying that they want to appeal the county’s eligibility to file a Chapter 9 bankruptcy petition.

BRADENTON, Fla. — The Orlando-Orange County Expressway Authority in central Florida is extending the call date on all or a portion of $185.8 million of term bonds at the request of Citi.