Richard Williamson

DALLAS — Heading into a market rally that has brought yields to record lows, Denver Public Schools achieved double its targeted savings with $129.9 million of refunding bonds Wednesday.

Citing three years of declining passenger counts, Moody's Investors Service downgraded Albuquerque International Sunport's senior debt to A1 from Aa3 and returned the outlook to stable from negative.

Glendale, Ariz., the once and future Super Bowl site that staked its future on professional sports, has taken a downgrade as it prepares to refund about $145 million of debt.

Facing a federal investigation of past practices, the North Texas Tollway Authority has adopted a new ethics policy that requires extensive disclosure and tighter strictures on conflicts of interest.

DALLAS — Buying back Arizona's capitol complex on the state's 100th anniversary will cost $106 million but will save $47.5 million in finance costs, according to estimates in Gov. Jan Brewer's proposed $8.96 billion budget.

DALLAS — In an unusual combination of financings, the Tarrant Regional Water District in Fort Worth will issue $295 million of bonds in two deals for a $2.3 billion water pipeline from East Texas.

DALLAS — As New Mexico celebrates its centennial year, lawmakers will gather in Santa Fe next week to consider Gov. Susana Martinez's proposed $5.61 billion budget.

DALLAS — Two years after Arizona mortgaged state buildings to cover operating costs, the Legislature opened Monday with hopes of paying down that debt.

Colorado will take bids on $230 million of education-tax revenue anticipation notes Tuesday as the legislature prepares to consider a steadily improving economy and unresolved litigation over school funding.

Colorado Republican lawmakers plan to introduce a bill to restore a funding formula benefitting transportation construction that was repealed under 2009 legislation.

Amid the biggest building binge in its history, the North Texas Tollway Authority ranked as the top debt issuer in the Southwest in 2011, with more than $2.1 billion sold, according to Thomson Reuters.

The Plano Independent School District faces a new year of litigation over Texas' school funding law after surviving a year of unprecedented austerity.

Utah lawmakers expect to have a $128 million surplus and $280 million in projected revenue growth available when the 2012 legislative session begins later this month.

The Texas State Securities Board has named John Morgan as the new state securities commissioner.

The North Texas Tollway Authority board has agreed to pay legal fees for board member David Denison, who is involved in an investigation by the Federal Bureau of Investigation.

Dodge City is considering using sales tax and revenue bonds, or STAR bonds, to lure more tourists.

With a new bond-financed spring training facility for the Chicago Cubs in the planning stages, Mesa could keep the venerable Hohokam Stadium operating with the Oakland Athletics as tenant.

A federal indictment of former El Paso County, Texas, Judge Anthony Cobos implicates financial advisor Coastal Securities in a fraud scheme surrounding a $40 million bond refunding in 2007.

The Texas Tech University System will get the Southwest bond market rolling with $198 million of revenue bonds after a lean year for higher education.

Colorado Gov. John Hickenlooper plans to restore school funding after he learned that fourth-quarter revenues are running $231 million ahead of projections.