Richard Williamson

With federal stimulus payments flowing through the economy, Oklahoma's revenues were encouraging in February.

Brazos Electric Power Cooperative filed for bankruptcy saying it can't pay the electric bills foisted on it by the state's grid operator, ERCOT.

Municipal issuers in the Southwest sold $93.5 billion of debt in 2020, a year in which the coronavirus upended the way bond business is done.

Texas' failure to supply the power needed to save lives in a deep freeze is seen as threat to the state's recruitment of new business investment.

The deep freeze, and Texas power market structure, left the state's public utilities with sky-high wholesale power bills and a trail of burst water pipes.

The firm's leaders say Hilltop Securities sees growth opportunity in municipal bond underwriting, while financial advisory services will "grow selectively."

The taxable refunding will lower debt service obligations for the airport car rental facility, hit hard by the coronavirus pandemic, through fiscal 2025.

This year's pension debt volume could match that of 2020, which was the highest since the financial crisis year of 2008, industry leaders say.

With interest rates at historic lows and stock market returns at record highs, Tucson sees a ripe opportunity to issue pension debt.

Steven Kantor, a regional managing director based in New York, was among those cut, sources said.

The bonds are coming in three tranches, mixing tax-exempt new money and a taxable refunding.

In a speech short on specifics, Ducey said tax cuts would help stimulate the economy.

Federal aid and budget cuts could erase Texas's nearly $1 billion revenue shortfall, state Comptroller Glenn Hegar says.

After a dramatic year of pandemic and a record bond proposal, Dallas ISD is taking bids on $274 million of bonds to upgrade schools.

Despite a fiscal blow, Oklahoma landed in a better position than many expected, the treasurer says.

The tax-exempt general obligation bonds were part of a $795 million proposal approved by voters on Nov. 3.

Texas saw sales tax revenue fall 5% in December, ending a dark year of pandemic and lower oil prices.

The $125 million deal from the Colorado Housing Finance Authority carries a third-party social bond opinion from Kestrel Verifiers.

In a year in which 16 states lost population, Texas' growth is expected to stand out in the belated 2020 Census.

With its population continuing to grow, the nation's second-largest state expects a 10.5% bump in debt financing, according to its annual report.