Southeast

Tennessee revenue collections continued a nine-month growth trend in May with a 9.82% increase over the same month a year ago.

A $561 million general obligation bond program to fund long-term maintenance efforts presented last week to the Lafayette Parish School Board would require a 20-year, 2-mill increase in the property tax. The trustees have until Wednesday to set a tax election for Oct. 22. They could delay the election until Nov. 19.

New Orleans Mayor Mitch Landrieu said Monday the state should stick with the current plan to build a $1.2 billion, 424-bed hospital in the city. Construction financing for the University Medical Center includes $407 million of hospital revenue bonds.

Standard & Poor's on Monday revised its rating outlook to negative from stable and affirmed its BBB-plus rating on $5.7 million of Series 2002B bonds issued on behalf of Martin Memorial Medical Center.

Alabama Gov. Robert Bentley last week signed the Fiscal Transparency Act into law enabling the public to view monthly reports on the Internet about the state's finances.

BRADENTON, Fla. — The fiscal distress in Jefferson County has elicited renewed calls from a financial analyst for investors to be cautious when buying debt sold by issuers from Alabama.

BRADENTON, Fla. - Triple-A rated Georgia on Tuesday is set to competitively price nearly $1 billion of new-money and refunding bonds in its largest single-day sale ever.

BRADENTON, Fla. - Alabama Attorney General Luther Strange Wednesday filed a motion to intervene on behalf of Jefferson County's sewer ratepayers in the receivership case involving the county's sewer system.

DALLAS - The Louisiana State Bond Commission will meet July 21 with four firms seeking to become the state's next financial adviser.

BRADENTON, Fla. - South Miami is seeking a taxable bank loan to fund a settlement with the Internal Revenue Service over impermissible uses of tax-exempt bond and bank loan proceeds to build a parking garage.