Former Fort Worth Mayor pro tempore and City Councilman William W. “Bill” Meadows was elected vice chairman of the North Texas Tollway Authority board of directors. Meadows, a Tarrant County appointee to the nine-member board, is chairman of Hub International Rigg, an insurance and financial services firm. He has served on the NTTA board since July 2004 and was reappointed to the board from Tarrant County for an additional two-year term in August. Meadows will serve as vice chairman for the remainder of an unexpired term through Aug. 31.
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Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
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Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
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It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.
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Photos from The Bond Buyer's Texas Public Finance conference.
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The Mayo Clinic is undertaking a $5 billion expansion that may bring new debt as it reconstructs its core Rochester, Minnesota campus.
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"Just like the ATM became an additional transaction channel in the banking industry, I believe distributed ledger technology will provide municipal issuers with a similarly valued tool to sell their bonds," said Rick Coscia, Quincy's Strategic Asset Manager.
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