Southeast

City Council reservations torpedoed Mayor Adrian Perkins' request to ask voters for $207 million of general obligation bond authority.

As travel declines during the coronavirus pandemic, munis backed by tourists' cash may come under increasing financial pressure.

Miami Mayor Francis Suarez talks with Chip Barnett of The Bond Buyer about what makes the Magic City so appealing to companies and investors alike right now. He discusses the attractiveness of its business climate, the city’s financial strengths, efforts to fight climate change and the diversity and resilience of its residents. (7 minutes)

The upgrade precedes the sale of $202 million of taxable refunding bonds next week.

Mayor Adrian Perkins put the bond proposals before the City Council and asked for a vote on a special April 24 election on four bond referendums.

State Treasurer Dale Folwell said his office was rewarded for staying the course on a decades-long conservative management strategy.

Monday’s vote was the start of the process of allowing lawmakers to work on the approximately $12 billion state budget in a conference committee.

S&P said the upgrade reflected the stability and resiliency of pledge revenues while it also looked closely at environmental, social and governance factors.

The state will sell $182.2 million of highly rated general obligation bonds in three separate offerings.

The South Carolina Jobs-Economic Development Authority’s RecoverSC program has up to $100 million in total bonding authority.