Southeast

BRADENTON, Fla. — Florida Gov. Rick Scott rolled out his first budget Monday, proposing to slash state government spending by more than $5 billion over two years, reduce corporate income and school property taxes by $2 billion, and spend significantly less in new bond financing.

WASHINGTON — The Internal Revenue Service is auditing $60 million of hospital revenue bonds that were issued by Lakeland, Fla., in 2002 for Lakeland Regional Health Systems.

BRADENTON, Fla. — Nearly a year after beginning a 15-year sentence for pay-to-play crimes, former Jefferson County Commission President Larry Langford will get another day in court.

WASHINGTON — South Carolina expects to competitively issue $342.7 million of refunding bonds and $126.2 million of general obligation bonds for four higher education institutions this week.

WASHINGTON — The Internal Revenue Service is auditing $51 million of auction-rate securities that were issued in a conduit deal in 2005 by the Orange County, Fla., Health Facilities Authority to current-refund bonds and finance a hospital project.

BRADENTON, Fla. — Flush with cash, Florida’s Citizens Property Insurance Corp. has increased the number of outside managers it uses to invest bond proceeds and other funds.

WASHINGTON — North Carolina expects to competitively sell $500 million of limited-obligation capital improvement bonds Wednesday in its largest deal in almost four years.

As part of an ongoing initiative to examine developer-driven deals, the Internal Revenue Service is auditing $48.47 million of defaulted bonds issued by the Stoneybrook South Community Development District in Florida in 2007 for infrastructure improvements.

BRADENTON, Fla. — The Nashville Metropolitan Transit Authority has hired Parsons Brinckerhoff to do a year-long study of high-capacity transit options to shuttle workers and tourists to and from the city’s busy downtown business and entertainment districts.

Raleigh, N.C., is issuing $114.5 million of triple-A-rated water and sewer revenue bonds Thursday, bolstering city utility resources that have been constrained in recent years by the national recession and a regional drought.