Southeast

July's total volume was $25.939 billion in 542 issues, down from $28.258 billion in 619 issues a year earlier, the smallest percentage drop in monthly issuance year-over-year in 2023, according to Refinitiv data.

Almost all of the $1.55 billion surplus will go into the state's rainy-day fund, raising its balance to a record $3.7 billion, a 2,700% jump since 2019.

Florida's Division of Bond Finance clarifies the new statewide ban on ESG bonds.

Proceeds of the $178 million Series 2023 capital asset acquisition obligation bonds will finance programs for the county's general government and departments.

The decision signals the end of a legal saga that began last year when local residents opposed validation of $15 billion of municipal bonds.

The bond division undertook two transactions last week to retire outstanding taxable public education capital outlay and state revolving fund bonds. The transactions used $200 million in program funds, along with additional money, to pay down $400 million in state debt.

"With this year's budget, we're creating a more future-ready Miami-Dade, building for today and investing in tomorrow," Mayor Daniella Levine Cava said.

Bondholders invested in the redevelopment of Elvis Presley's Graceland Mansion were left singing the blues after borrowers missed another scheduled debt service payment.

Treasurer Dale Folwell said the law protects retirees' money from being used for what he called Wall Street's "wacktivist" agenda.

The express train last week completed a long-awaited extension to the Orlando airport.