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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Utilities, and the local governments and states that house data centers, are wrestling with policy questions about who should cover the costs of the projected spikes in water and electricity demand.
By Caitlin Devitt and Karen PierogSeptember 16 -
Central Texas Regional Mobility Authority's ratings were raised by Moody's, which, along with S&P, upgraded North East Texas Regional Mobility Authority's.
By Karen PierogSeptember 12 -
The rating agency's review was triggered by the city's move to effectively end plans for a seawater desalination project that has $235 million of bonds outstanding.
By Karen PierogSeptember 11 -
Gov. Michelle Lujan Grisham ordered lawmakers back into session to mitigate the impact on hospitals, Medicaid, and other programs from federal policy changes.
By Karen PierogSeptember 9 -
Dallas Fort Worth International Airport plans to sell $2 billion of revenue bonds this week as it continues financing for a $12 billion capital program.
By Karen PierogSeptember 9 -
With the estimated cost rising to $1.2 billion, the city council took action to end planning for the project, sparking concerns about outstanding bonds.
By Karen PierogSeptember 5 -
Differences between the Senate and House versions of the bill, which targeted cities and counties, could not be resolved.
By Karen PierogSeptember 4 -
Controller Chris Hollins warned the city lacks sufficient reserves to deal with weather-related disasters in the face of reduced federal financial assistance.
By Karen PierogSeptember 3 -
Aleon Metals, along with its subsidiaries, which sold more than $300 million of tax-exempt revenue bonds since 2019, filed Chapter 11 bankruptcies in August.
By Karen PierogSeptember 2 -
Data center projects, which are proliferating across the country, are taking advantage of tax breaks that can be costly for states and local governments.
By Karen Pierog and Caitlin DevittSeptember 2 -
The state will tap reserve funds, close tax loopholes and cut spending to address a more than $1 billion shortfall in its fiscal 2026 budget.
By Karen PierogAugust 29 -
In a 2-1 vote, county commissioners approved an Oct. 8 competitive general obligation bond sale to keep funding a jail project amid escalating costs.
By Karen PierogAugust 27 -
Big changes made by the House to a high-priority bill targeting cities and counties were rejected by the Senate, sending the measure to a conference committee.
By Karen PierogAugust 27 -
Legislation passed in Texas and other Southwest states this year seeks to increase or explore funding sources to finance water supply and infrastructure.
By Karen PierogAugust 26 -
A state lawmaker is asking the court to invalidate a 2022 nearly $700 million bond sale due to inadequate audits by the Oklahoma Corporation Commission.
By Karen PierogAugust 22 -
The proposed $1.3 billion arena would be financed with city revenue bonds, along with county taxes, subject to voter approval, and a team contribution.
By Karen PierogAugust 21 -
Hinojosa has built a strong reputation for creative solutions to complex challenges in the public finance arena, according to a statement nominating him for the honor.
By Karen PierogAugust 20 -
A lawsuit seeks to force the Texas city to reword its Nov. 4 property tax rate hike proposition to correct "misleading" language.
By Karen PierogAugust 19 -
Bond sales in the eight-state region totaled $54.9 billion, trailing the nation with an 8.1% gain year-over-year as Texas issuance slipped 7.6%.
By Karen PierogAugust 19 -
Hunt Memorial Hospital District's distressed finances led to downgrades to Ba3 by Moody's Ratings and B-plus by S&P Global Ratings, with both giving it a negative outlook.
By Karen PierogAugust 15




















