Richard Williamson

Car rental taxes collected for stadium bonds must be refunded after their use was found to violate the Arizona constitution, a Maricopa County Superior Court Judge Christopher Whitten has ruled.

Issuers in the Southwest sold $42.8 billion of municipal bonds in the first half of 2015, according to data from Thomson Reuters, a 39% year-over-year increase

The University of North Texas has received a clean audit after paying back $4.7 million of state funds that were improperly used for the university’s operations, according to a disclosure notice. The audit clears the way for UNT to return to the bond market.

The revival in pension obligation bond issuance creates new risks for retirement systems that do not resolve chronic structural problems, rating analysts said.

Kansas’ sale of $1 billion of pension bonds to reduce the funding gap will fall far short of soliving the state’s long-term problem, according to Moody’s Investors Service.

Texas sales tax revenues rebounded in July after taking the first dip in 62 months in June, state Comptroller Glenn Hegar reported.

A 5% drop in revenues in July represented Oklahoma’s third consecutive month of declines over the same period last year, according to state Treasurer Ken Miller.

With 20 years of experience in state and local government, Leigh Ann Biernat has joined investment banking firm Stephens Inc. as senior vice president for public finance.

Earthquakes across the nation’s energy-producing regions could have widespread impact on credits and the economies of the regions, according to a report by Standard & Poor’s.

Arkansas revenues reported for July were below the same month last year but above projections, state officials said.

Kansas started off its new fiscal year with tax revenues running $3.7 million below expectations, according to the Kansas Department of Revenue.

Texas Attorney General Ken Paxton will face criminal charges for directing clients to a friend's securities advisory firm without registering as a financial advisor. He is the first Texas attorney general to face indictment in more than 30 years.

In a deal designed to reduce the state pension funding gap during a period of low interest rates, Kansas will issue $1 billion of pension obligation bonds.

Glendale, Ariz.'s renegotiated lease agreement with the National Hockey League's Arizona Coyotes is a positive factor in the Phoenix suburb's A3 credit rating, according to Moody's Investors Service.

Dallas sees strong demand for $109 million of bonds for a badly needed parking garage as the city deals with an airline battle for gates at the remodeled airport.

In its only deal of the year, Colorado's Regional Transportation District will issue $200 million of certificates of participation to purchase buses, rail cars and other elements of its growing mass transit system.

After months of review, the Texas Water Development Board approved $3.9 billion in financial assistance from the State Water Implementation Fund for Texas, a voter-approved program known as SWIFT.

Worsening investment performance threatens the long-term viability of the Dallas Police and Fire pension fund and could harm the city's credit, according to Moody's Investors Service.

The University of Texas System saw strong demand for $218 million of Permanent University Fund bonds priced through a nine-member syndicate led by JP Morgan.

San Antonio will close out July with $450 million of general obligation debt, bringing the month's total to nearly $1 billion.