Gas Tax Hike Touted as Boost to Kansas Economy
A 15-cent increase in Kansas fuel taxes would support $264 million per year in highway projects, boosting economic activity by nearly $600 million, according to a road-building industry report.  more »
The Kansas Department of Transportation maintains the fourth-largest highway system in the nation.
Investors with holdings in municipal conduit bonds that have been the subject of recent SEC enforcement actions over fraudulent commingling of assets are suing Bank of Oklahoma Financial, which served as the trustee for many of the faulty offerings.  more »
The last Stillwater City Council, Okla., gathering of the month focused on the city's financial future.  more »
The public finance team at the Houston law firm of Bracewell expects to increase its appeal to bond issuers after adding former SEC attorney Edward Fierro and rising in the ranks of bond counsel in 2016.  more »
The Stillwater Public Schools Board of Education will discuss moving forward with bond projects when they meet twice on Thursday.  more »
Texas lawmakers need to face four areas where long term liabilities are growing, including the funding level of its public pensions, said state Comptroller Glenn Hegar.  more »
Moody’s Investors Service retained a negative outlook on Catholic Health Initiatives $5.7 billion of rated debt after lowering the healthcare giant to Baa1 from A3. The downgrade comes less than a month after a similar move by S&P Global Ratings.  more »
The Ardmore City Schools, Okla., Board of Education approved moving forward with plans to build a performing arts center on Monday.  more »
Residents from Sherman, Texas, gathered at the steps of Grayson County Courthouse Tuesday to voice their support for a $308 million bond election to finance new schools and other system improvements for the Sherman Independent School District. The highlight of these improvements would be the construction of a new $133 million Sherman High School.  more »
Salina officials have been watching legislative action on the Kansas Sales Tax Revenue Bond program, which is set to expire June 30.  more »
A bill requiring a vote on $1 billion of pension bonds is a “poison pill” that could derail Houston’s efforts to restructure its debt to city employees, Mayor Sylvester Turner said.  more »
Arkansas House defeats plan to raise taxes by $200 million per year to support road bonds.  more »
The rapid rise in property values is prompting some residents to look more critically at upcoming school bond elections.  more »
A potential budget wall between TxDOT and a proposed bullet train could halt the $12 billion project.  more »

How might infrastructure initiatives from President Trump affect state and municipal issuers, and the capital markets? John Hallacy and Paul Burton discuss.

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