Rates Look Ripe for CPS Energy Refunding
San Antonio's CPS Energy expects major savings with a $263.7 million refunding coming to market on Sept. 23.
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New York's MTA intends to remarket $148 million of Triborough Bridge and Tunnel Authority subordinate revenue variable rate bonds in October, an official told the finance committee.  more »
The Texas Transportation Commission expects to price $1.1 billion of general obligation bonds in October, about six months later than originally scheduled.  more »
Arkansas revenues are slightly ahead of projections in the second month of the fiscal year, state officials say.  more »
A nonprofit legal coalition is suing Texas Attorney General candidate Ken Paxton, claiming he violated state securities law by failing to register as an investment adviser.  more »
The Texas Permanent School Fund that backs Texas public school bonds earned record income from oil and gas production in the fiscal year ended Aug. 31.  more »
Oklahoma's Grand River Dam Authority will issue $400 million of revenue bonds with the benefit of an upgrade to A1 from A2 by Moody's Investors Service.  more »
Texas is trying new ideas in infrastructure transportation funding to keep up with demand from a growing population.  more »
Moody's Investors Service sees a positive credit factor for Park City, Utah, after the sale of a resort resolves legal issues that once threatened to cancel the upcoming ski season.  more »
With the future of the Windstorm Insurance Association in doubt, Texas is preparing to issue $500 million for the program that protects property owners in the coastal region.  more »
San Antonio Water System's board will consider a private provider's $3 billion water pipeline proposal after negotiations on the deal were completed.  more »
Texas sales tax revenues for August rose 7.5% to a record $2.57 billion, according to state Comptroller Susan Combs.  more »
Alvin Community College District in the outskirts of the Houston metro area saw its Moody's Investors Service Rating downgraded to Aa3 from Aa2 after years of operating deficits.  more »
Kansas' capital city is considering a $5 billion bond issue to buy a private race track that is generating insufficient sales tax revenue to service previously issued debt.  more »

Issuance of municipal MSA tobacco bonds by states was the subject of a highly critical article published by ProPublica. The article attempts to make a case that states erred in deciding to issue tobacco bonds. The article was widely circulated across social media. As we frequently observe, the national media focus on the muni market is appreciated, but the facts got muddied in the pursuit of a good story.

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