Karen is a senior reporter covering the Southwest. She has covered the municipal bond market for more than 30 years at The Bond Buyer and Reuters. Prior to that she wrote about futures and options markets for magazines and was an award-winning reporter for a suburban Chicago newspaper chain.
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The outlook revision to stable from negative follows the city's adoption of a fiscal 2027 budget with structural changes that greatly reduced a shortfall.
June 26 -
A state court validated up to $1.35 billion of Series 2026 special tax revenue bonds for a project to replace the city's convention center.
June 25 -
The potential timing for a water supply emergency, which had been projected for December, was pushed nine months into the future with the help of rainfall.
June 23 -
Debt proceeds are earmarked for renovations to the university's football stadium, as well as for student housing, parking and other athletic projects.
June 23 -
The nearly $18.3 billion fiscal 2027 budget signed by the governor this month provides $1.4 billion in tax cuts over four years.
June 23 -
The latest update for the project at the Southwest Airlines hub showed an estimated $2.54 billion price tag and plans to issue general airport revenue bonds.
June 16 -
The Texas city's $115 million general obligation bond sale comes as a water supply emergency and potential further negative rating actions loom.
June 16 -
The spending plan includes revenue-raising measures involving the bond-issuing combined utility system that have sparked concerns by the city's controller.
June 11 -
Hays County prevailed in its appeal of a district court ruling affecting nearly $440 million of general obligation bonds voters approved in 2024.
June 10 -
A proposed $3 billion sports and entertainment district would involve bond issuance for a Dallas Stars hockey arena and public infrastructure.
June 9 -
While the city projects a water emergency, capital costs in the state's latest water plan skyrocket and demand exceeds capacity in a state financing program.
June 9 -
The rating agency gave the city a negative outlook in November 2024, following voter approval of a ballot measure requiring more public safety funding.
June 5 -
A federal appeals court panel stayed a lower court decision that found the 2021 state law to be unconstitutional.
June 4 -
The revenue bonds would continue financing for a 15-year, $8.2 billion program to widen existing toll roads and build new ones.
June 4 -
S&P lifted Graham's general obligation bond and certificates of obligation rating to A from BBB due to the city's earlier-than-projected financial turnaround.
June 3 -
A convention center, a wastewater treatment plant expansion, and a light rail system are among projects in the city that include bond financing.
June 2 -
Water supply woes continue to weigh on the Texas city's bond ratings, which have been hit with multi-notch downgrades and negative outlooks.
June 2 -
Affirmation of Otero County's ratings comes as a state law threatens bonds it sold for a detention facility used by federal immigration enforcement.
May 26 -
Actions this legislative session include a ballot measure to tighten caps on property assessment growth and allowing bond issuance for charter schools.
May 26 -
The Texas city's projected Level 1 emergency — indicating water supply is 180 days from not meeting demand — was moved to December from September.
May 20
