School Funding Ruling Could Cost Kansas $100M
With Kansas lawmakers already working to close a $200 million budget gap, the state now must now address a court order to fix the school funding formula by June 30.
"The schools in Kansas will be unable to operate beyond June 30," the Kansas Supreme Court wrote in its ruling on school funding.
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Oklahoma Gov. Mary Fallin wants to see repairs to the Capitol completed in time for the state's 2017 anniversary celebration.
Oklahoma Gov. Mary Fallin wants lawmakers to approve another $120 million of bonds to complete repairs of the Capitol, as they struggle with a $910 million budget gap.  more »
Multiple projects Floyd school officials had in mind for bettering their district will no longer be a reality due to the results of a recent school bond election, according to Superintendent Damon Terry.  more »
Revenues from Houston sales taxes in December were down 7.55% compared to the same month in 2014.
Local sales tax collections in Texas fell 0.7% in January, with steeper drops in the state’s energy producing and processing centers, Texas Comptroller Glenn Hegar reported.  more »
A possible bond election, state accountability changes and innovative learning strategies are all part of the picture for 2016 for the Grapevine-Colleyville school district.  more »
Houston’s Combined Utility System provides financing for the city’s vast water and sewer system.
Houston increased the size of its combined new money and refunding deal to $957 million as the market provided savings of $116.7 million, officials said.  more »
School Board members voted Thursday to approve the sale of the $33,520,000 General Obligation Building Bonds 2016 to Hutchinson, Shockey, Erley & Co. out of Chicago, Ill.  more »
Ruidoso voters will be asked in the March 1 nonpartisan municipal election to approve a new pledge of $3 million in general obligation bonds to improve the village's water system. Early voting begins today.  more »
Kansas lawmakers grilled officials from the University of Kansas on Tuesday about the $326.9 million it borrowed last month without legislative approval.  more »
The Abilene Independent School District is hoping to leverage some savings from its bond construction projects to purchase computer networking equipment and upgrade the infrastructure across its more than 25 campuses.  more »
"How we respond will define our future more than anything else," Oklahoma Gov. Mary Fallin said of the state's nearly $1 billion budget deficit.
Standard & Poor's credit analysts say they will closely watch how Oklahoma resolves its $900.8 million shortfall in a depressed energy market that has drained the state's coffers.  more »
"We're getting dangerously close to being in an uncomfortable situation," Houston Controller Chris Brown told the city council.
With all new leadership, the city of Houston will weigh into the bond market with $800 million of revenue and refunding bonds for its combined utility system.  more »
AUSTIN -- In bright-red Texas, where tax increases equate roughly to political suicide, politicians and the citizens who elect them have shown a willingness to support massive bond sales to build schools, roads and provide other types of assistance to the state's rapidly expanding population.  more »
The Otero County Clerk's Office certified on Thursday the results of the bond elections for Alamogordo Public Schools and Tularosa Municipal Schools.  more »

Career Zone


Gerrard Bushell, the new CEO and president for the Dormitory Authority of the State of New York, outlines his goals for one of the nation's leading municipal bond issuers with northeast regional reporter Andrew Coen.

While the SEC's MCDC Initiative has provided some clarity with regard to materiality and confirmed that the reasonable diligence standard of Rule 15c2-12 applies to both negotiated and competitive deals, no clarity has been offered with regard to the extent of the reasonable diligence obligations of those participating in competitive deals, as co-managers, syndicate members or selling dealers. ...

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