Southeast

Moody's Investors Service dropped the Orlando-Orange County Expressway Authority one notch to A2 on Tuesday, citing a lighter traffic outlook, reduced revenue support from the state, and deep exposure to variable-rate debt and swaps.

Gov. Bob McDonnell said Virginia posted a 3.9% revenue increase in September, making it the 18th month out of the last 19 in which revenue exceeded the previous year’s collections.

More than 60% of voters in Raleigh, N.C., last week approved the issuance of $56 million of general obligation bonds in two referendums.

Louisiana Gov. Bobby Jindal is expected to be re-elected to his second four-year term Saturday in the state’s open primary voting.

Georgia Gov. Nathan Deal last week announced the formation of a commission to study funding for higher education.

Florida’s Citizens Property Insurance Corp. last week retained long-time financial advisor and investment consultant, Raymond James and Associates Inc.

BRADENTON, Fla. - The Florida auditor general's office called for the Legislature to consider placing limits on how much debt a community development district can issue and to improve oversight for CDD issuance.

DALLAS - New Orleans' municipal finances are "on the right track" after years of fiscal mismanagement, Mayor Mitch Landrieu said Monday as he presented a proposed $495 million operating budget to the City Council.

BRADENTON, Fla. - A Florida judge has validated $2 billion of municipal bonds to fund Property Assessed Clean Energy initiatives statewide.

BRADENTON, Fla. - After nearly 10 months of inaction, investors of the defaulted bonds issued by North Florida's Santa Rosa Bay Bridge Authority may see restructuring negotiations get under way now that a governing board is in place.