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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A plan to build a light rail system in the Texas capital city has come under financial and political pressure.
By Karen PierogMarch 22 -
Among the record number of bills filed in the biennial session are bills aiming to restrict or expand municipal bond issuance.
By Karen PierogMarch 20 -
The school district's AA-plus rating is supported by strong reserves and Houston's economic strength, S&P Global Ratings analysts said.
By Karen PierogMarch 17 -
The Texas Education Agency, which initially sought the takeover in 2019, will appoint managers to run the state's largest public school system.
By Karen PierogMarch 16 -
OTA has come under increased scrutiny as it embarks on a $5 billion, bond-financed project that has been challenged in court.
By Karen PierogMarch 16 -
The Uinta Basin railway is asking the DOT to authorize up to $2 billion of PABs for the project, which would move oil to market from northeast Utah.
By Karen PierogMarch 13 -
A $3.52 billion Texas Natural Gas Securitization Finance Corp. deal includes a make-whole redemption over three years to call bonds if the state appropriates funds to pay them off.
By Karen PierogMarch 10 -
Opponents warned the measures could roll back 10 years of state efforts to improve funding for the Kansas Public Employees Retirement System.
By Karen PierogMarch 9 -
Revenue bonds sold in 2018 for the project would be paid over seven years at lower rates under the Chapter 11 exit plan for the Bridgemoor at Plano debt.
By Karen PierogMarch 7 -
The much-delayed $3.5 billion deal has an optional limited make-whole redemption if state lawmakers appropriate funds to defray costs for natural gas customers.
By Karen PierogMarch 6 -
The measure prohibits government contracts with companies deemed to be "boycotting" the fossil fuel, firearm, timber, mining, and agriculture industries.
By Karen PierogMarch 3 -
The rating agency said it could upgrade the state's ratings over a two-year period if recent healthy fund balances are maintained.
By Karen PierogFebruary 28 -
A refinancing plan for the defaulted Legacy Cares bonds aimed to raise money to settle claims from contractors and others.
By Karen PierogFebruary 28 -
Legislation barring government contracts with companies that engage in a growing list of "boycotts" in their business dealings has popped up in several states.
By Karen PierogFebruary 27 -
Law firm Greenberg Traurig expects to grow its public finance footprint in Texas with the addition of five lawyers.
By Karen PierogFebruary 24 -
The Arkansas LEARNS bill would create "education freedom" accounts to help cover private school expenses.
By Karen PierogFebruary 23 -
A controversial $5 billion bond-financed extension project spurred several bills that would alter the Oklahoma Turnpike Authority's debt and other practices.
By Karen PierogFebruary 21 -
The taxable bonds, which finally received state approval, will be offered with maturities in 2033 and 2039.
By Karen PierogFebruary 17 -
Gov. Greg Abbott used his State of the State address to fast track his priorities for the legislative session and drop a hint about an upcoming $100 billion transportation infrastructure plan.
By Karen PierogFebruary 17 -
Rating analysts said dropping reserves to 0.25% from 5% to free up capacity does not impact the school bond guarantee program's triple-A ratings.
By Karen PierogFebruary 15




















