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Richard Williamson

Recent Stories From this Author

Grand River Dam Authority Gets Upgrade Ahead of $450M Issue
September 17, 2014 Oklahoma's Grand River Dam Authority will issue $400 million of revenue bonds with the benefit of an upgrade to A1 from A2 by...

Winds May Be Shifting as Texas Issues $500M for Insurance
September 15, 2014 With the future of the Windstorm Insurance Association in doubt, Texas is preparing to issue $500 million for the program that...

Ski Resort Sale Positive for Park City: Moody's
September 15, 2014 Moody's Investors Service sees a positive credit factor for Park City, Utah, after the sale of a resort resolves legal issues...

SAWS Seeks Fast Path to $3B Pipeline
September 11, 2014 San Antonio Water System's board will consider a private provider's $3 billion water pipeline proposal after negotiations on...

Fort Worth ISD's Use of Bond Funds Questioned
September 10, 2014 An oversight committee has raised questions about Fort Worth Independent School Districtís use of $4.5 million to buy real...

Topeka Considers More Debt to Rescue Race Track
September 10, 2014 Kansas' capital city is considering a $5 billion bond issue to buy a private race track that is generating insufficient sales...

Moody's Downgrades Alvin College District
September 10, 2014 Alvin Community College District in the outskirts of the Houston metro area saw its Moody's Investors Service Rating...

Texas Sales Tax Revenues Hit Record $2.57B
September 10, 2014 Texas sales tax revenues for August rose 7.5% to a record $2.57 billion, according to state Comptroller Susan Combs.

Oklahoma OK's $6.3B Plan for Highways, Bridges
September 9, 2014 Oklahoma transportation officials aim to clear a backlog of highway and bridge projects under a $6.3 billion funding plan...

Texas MAC Displays IRMA Postings
September 8, 2014 The Municipal Advisory Council of Texas is allowing issuers to post their IRMA representations on its website to help obtain...


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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