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Richard Williamson

Recent Stories From this Author

Court Rules Texas School Finance Still Unconstitutional
August 29, 2014 The Texas system for financing public schools remains in violation of the state constitution even after lawmakers restored...

Restructuring Helps Denver Airport Extend United Hub Commitment
August 29, 2014 Nearly 20 years after the airport opened, Denver International Airport is restructuring variable-rate debt as part of a deal...

SEC's Kansas Prosecution Positive for Market, Moody's Says
August 29, 2014 The municipal market should benefit from the Securities and Exchange Commission's prosecution of Kansas for inadequate...

$6.6B Riding on Texas Bond Ballots in November
August 29, 2014 Combined proposals from Texas issuers in November come to about $6.6 billion, with Austin leading the way with about $1 billion.

More Schools Showing Fiscal Stress, Audit Finds
August 27, 2014 A growing number of school districts are showing signs of fiscal stress, acoording to a report from the Colorado State Audtor.

Texarkana ISD Seeks $30M Bond Approval
August 27, 2014 Voters in the Texarkana, Texas, Independent School District will decide whether to issue $30 million of bonds to build a new...

Utah To Reconsider $235M Refunding in September
August 26, 2014 Utah has postponed a $235 million advance refunding that had been expected to price competitively Sept. 3.

Rates on $5.4B Texas Notes Hit Record Low
August 26, 2014 Texas earned record low interest rates on its $5.4 billion sale of tax and revenue anticipation notes on Aug. 26, Comptroller...

Houston ISD Breaks New Ground With $350M Variable Rate Deal
August 25, 2014 After winning strong support from voters in its last bond election, Houston Independent School District will issue $350...

Perry Lawyer Calls CPRIT Motive 'Red Herring'
August 21, 2014 Attorneys for Texas Gov. Rick Perry said Thursday that an investigation of how his donors won contracts from a state cancer...


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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