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Texas AG's Securities Law Violation Won't Be Prosecuted in Austin
Newly inaugurated Texas Attorney General Ken Paxton will not face prosecution from the embattled Travis County District Attorney's office for violating state securities law.
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Baird has added eight bankers to its Houston public finance team from RBC Capital Markets, Milwaukee-based Baird said.  more »
Moody's Investors Service downgraded Texas school bus operator Dallas County School District's $67 million of general obligation debt to Baa1 from A3 and retained a negative outlook.  more »
Public power utilities in five southern states most likely face fiscal challenges in complying with the EPA's Clean Power Plan, a new index by Fitch Ratings shows.  more »
The Internal Revenue Service has recently closed two audits of bonds issued in Colorado with no change to the bonds' tax-exempt statuses.  more »
After seven months of growth, the Texas Economic Activity Index has dipped, reflecting the impact of falling oil prices, according to Comerica Bank.  more »
Colorado lawmakers may get their day before the U.S. Supreme Court to challenge the Taxpayer Bill of Rights that requires voter approval of all tax increases in the state.  more »
A private corporation that sought to build a toll road east of Dallas would lose its power to condemn land through eminent domain under a bill introduced by State Rep. Cindy Burkett.  more »
The Texas Senate's version of a $205.1 billion biennial budget includes $4 billion for tax cuts, despite uncertainty over revenues in a weakening economy.  more »
Squeezing institutional and retail pricing into one day because of an approaching blizzard, the Utah Transit Authority captured record savings on the largest deal in its history.  more »
Standard & Poor's lowered the outlook on Arizona State University's AA rating based on prospects for increased debt issuance over the next two years, the agency said.  more »
Moody's Investors Service downgraded healthcare giant Catholic Health Inititiatives to A2 from A1 after a year of declining operating performance.  more »
The Republican-controlled Utah Legislature is considering an increase in the gasoline tax to close an $11.3 billion funding gap for transportation through 2040.  more »
Utah Transit Authority is pricing the largest deal in its history with $831.6 million of bonds designed to smooth debt service through the end of this decade.  more »

The Commonwealth of Puerto Rico has a long history of fiscal uncertainty and structural deficits. Responding to decades of general fund deficits in 2014, the rating services lowered the ratings on the Commonwealth’s general obligation credit to below investment grade, or junk status.

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