Texas-Size Pension Problems Threaten Cities' Infrastructure Plans
Three of Texas’ largest cities have already paid a price for unfunded pension obligations in the form of rating downgrades. Now there are worries that pension obligations could squeeze their ability to issue debt for infrastructure.  more »
Hidalgo County Health Services Corp. debt issued for the Mission, Texas, Regional Medical Center moved closer to a default rating as S&P Global Ratings dropped $26.7 million of bonds to CCC from B-minus.  more »
There is a "conversation" to explore the possibility of building Wichita State University, Kan., a football stadium in a potentially expanded STAR bonds district at K-96 and Greenwich.  more »
Citing cuts since 2009 from state education funding as adversely affecting school budgets and the ability to make needed improvements, the Pikes Peak region's three largest school districts and two small rural ones to are bringing financing measures to the Nov. 8 ballot. Here's a roundup of the proposals:  more »
EDDY COUNTY -- Intrepid Potash has terminated two Industrial Revenue Bonds issued to them by Eddy County in 2009 and 2010 for a combined $150 million.  more »
The San Antonio Housing Trust Finance Corporation plans to issue up to $22 million in multifamily housing revenue bonds to help build a sizable apartment complex on the Southwest Side.  more »
S&P Global Ratings downgraded to junk $172 million of bonds for two private immigration detention centers after two federal agencies announced initiatives to end or reduce use of such facilities.  more »
Opponents of the El Paso Independent School District's $668.7 million bond on Tuesday said that the measure would direct too much money to West Side schools, while providing little to South El Paso campuses that they say have greater needs.  more »
The Austin school district could tap voters to approve its next bond package as early as May, but the majority of trustees said Monday night they prefer waiting until November 2017.  more »
Texas now has the nation's largest rainy day fund after Alaska drained nearly a third of its fund in one year, according to a study by the Texas Comptroller's Office.  more »
Arkansas will study whether tolled lanes are the best way to finance a 14-mile segment of a new interstate highway.  more »
Socorro Independent School District will build a new elementary school with leftover funds from a $297 million bond measure it passed in 2011.  more »
The Salina City Commission has postponed action on downtown tax financing until a development agreement is available.  more »
Lincoln County Medical Center chief Todd Oberheu says voter sentiment seems to be running in favor of a $25 million bond issue to build a new hospital, and those who are still undecided can ask questions at an Oct. 5 town hall meeting.  more »

Rhode Island General Treasurer Seth Magaziner, in an in-depth chat with Bond Buyer northeast regional editor Paul Burton, explains how the state can rebound through infrastructure. He also talks about his push to require investment firms to reveal public pension fees, lessons learned from the 38 Studios debacle, and his teaching days in post-Katrina Louisiana early in his career.

The orders provide some insight into what the Securities and Exchange Commission considers to be a material false or misleading statement in an offering document.

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