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 Arizona Board of Regents adopted a report recommending greater oversight of its three universities after the University of Arizona hit financial trouble.
By Karen PierogDecember 14 -
A project to build a new arena for the NBA's Oklahoma City Thunder will move forward after voters approved the extension of a sales tax.
By Karen PierogDecember 13 -
The state would raise $500 million through internal debt sales backed by oil and natural gas severance tax revenue to fund long-term water purchase contracts.
By Karen PierogDecember 11 -
A constitutional amendment approved by Texas voters Nov. 7 will reduce public school property taxes, leaving the state to make up for the revenue reduction.
By Karen PierogDecember 8 -
The approval last month by Texas voters of a constitutional amendment to create an endowment fund led S&P Global Ratings to revise the school's outlook to positive from stable.
By Karen PierogDecember 7 -
The decision by the District of Columbia-based U.S. Appeals Court will officially vacate the Surface Transportation Board's environmental approval for the project.
By Karen PierogDecember 5 -
Court-approved asset sales and bond exchanges are pushing a participant sports venue, a hospital, and a senior living community closer to exiting Chapter 11.
By Karen PierogDecember 4 -
City Controller Chris Brown called for more due diligence on financing plans for a $2.6 billion project to renovate Bush Intercontinental Airport's Terminal B.
By Karen PierogDecember 1 -
The outlook revision from negative comes as the school system prepares to tap more of its record $2.44 billion of voter-approved bond authorization next year.
By Karen PierogNovember 29 -
A new law creates a commission to recommend changes to address rising property tax bills and ensure the system is sustainable for local governments and school districts.
By Karen PierogNovember 29 -
Owners of $284 million of defaulted bonds will get only $2.4 million in cash, along with a minority equity stake in Legacy Park's new owner.
By Karen PierogNovember 27 -
Litigation brought by a state public pension recipient challenges the constitutionality of a 2022 law prohibiting governmental contracts with companies the Oklahoma treasurer determines are "boycotting" energy businesses.
By Karen PierogNovember 22 -
Municipal bond underwriters for Texas deals now have until Dec. 16 to comply with changes to the agreements and to their standing letters of compliance with two state laws banning contracts with companies that "boycott" or "discriminate" against the fossil fuel or firearm industries.
By Karen PierogNovember 21 -
While the state is boosting the budget reserve, it's also forecasting $1.4 billion in additional fiscal 2024 revenue that would be partially offset by spending pressures.
By Karen PierogNovember 21 -
Recommendations from an actuary on the city's police and fire pensions come amid a rising unfunded liability and uncertainty over the use of pension bonds.
By Karen PierogNovember 20 -
The amount of unspent funding for state and local capital projects is at a historically high $5 billion as projects struggle with rising construction costs.
By Karen PierogNovember 16 -
The Metropolitan Airports Commission will sell about $125 million of bonds to complete its share of financing for the largest interior renovation of 61-year-old Terminal 1.
By Karen PierogNovember 15 -
Flush with bond authorization from the Nov. 7 election, officials are formulating issuance plans, while Colorado's governor called lawmakers back to session after a property tax cut measure was defeated by voters.
By Karen PierogNovember 13 -
A group of taxpayers argue that a property tax increase approved by Austin voters in 2020 for light rail cannot be used to support bonds.
By Karen PierogNovember 9 -
A subpoena sent to the Oklahoma Corporation Commission this week seeks communications related to 2021's Winter Storm Uri and nearly $3 billion of utility securitizations that priced in 2022.
By Karen PierogNovember 9




















