Richard Williamson

Moody's Investors Service is considering a downgrade on $1.1 billion of P3 turnpike debt in Texas to non-investment grade.

Brownsville, Tex., will refund $114.5 million of revenue bonds as it lays the groundwork for a pipeline system connecting the city to a proposed investor-owned power plant.

Dallas-Fort Worth International Airport is expected to become one of the nation's most indebted airports with $737 million of revenue bonds for its terminal remodeling project, helping prompt a Moody's downgrade.

Moody's Investors Service downgraded Dallas-Fort Worth International Airport's revenue bonds to A2 from A1 ahead of nearly $800 million of bonds expected to be issued in April.

Texas lawmakers are considering two bills that would ban capital appreciation bonds with the aim of reducing the risk of deferred interest costs for local governments, particularly school districts in fast-growing areas of the state.

A newly created board would consider whether to move the Utah State Prison from Draper at a potential cost of $600 million under a bill awaiting Gov. Gary Herbert's signature.

The Arizona School Facilities Board will refund more than a third of its outstanding debt with $315.4 million of taxable revenue bonds in a negotiated deal scheduled to price Tuesday.

A $2 billion bond plan to finance water projects in Texas has won passage from a key legislative committee.

The Texas Senate is expected to begin debating a $94.1 billion budget Monday after the Senate Finance Committee unanimously approved a 7.7% spending increase over two years.

Colorado Springs has approved refunding $110 million of combined utility system revenue bonds as the city studies the possibility of selling or leasing its electric power system to a private operator.

Fitch Ratings' recent downgrade of 23 charter schools, including the KIPP Academy in Houston, comes as the Texas Legislature to ease funding pressures for the schools.

As its legislature nears completion of a state budget, New Mexico plans to raise about $140 million through the competitive sale of general obligation bonds on March 19.

A 13-city tax district in North Texas for a $2.7 billion commuter rail line remains a possibility after State Sen. John Carona filed a bill to authorize its creation.

Chances for state bill authorizing the $2.7 billion Cotton Belt commuter rail project dimmed after the Fort Worth City Council opposed the plan.

The Texas Senate Finance Committee voted to close a 2,100-bed, for-profit prison in Mineral Wells, citing a surplus of cells in a declining incarceration market.

In an ambitious effort to counteract the region's worsening drought, Texas' Lower Colorado River Authority is taking the first steps toward building its first new reservoir in 40 years.

The Texas Department of Transportation will tap revenues from a high-speed tollway bypassing Austin to add tolled lanes to the city's airport.

Brownsville, Texas has created a new public utility to pipe natural gas to a proposed merchant-owned power plant that would also rely on the city's treated wastewater for coolant.

The Harris County-Houston Sports Authority said in a court filing Monday that MBIA Insurance Co. is not out "a single penny" for covering $1 billion of its stadium bonds.

Texas Senate Finance Committee Chairman Tommy Williams is proposing that the state use a vacant private prison that defaulted on its debt to economize on incarceration costs.