Arizona

The rating agency pointed to potential financial pressure from tax and other changes on the federal level for the state's outlook revision.

Utilities, and the local governments and states that house data centers, are wrestling with policy questions about who should cover the costs of the projected spikes in water and electricity demand.

A judge sentenced Randy Miller to six years in prison and his son, Chad Miller, to five years. They had pleaded guilty to fraud stemming from a bond sale.

Legislation passed in Texas and other Southwest states this year seeks to increase or explore funding sources to finance water supply and infrastructure.

The ruling by a state judge comes in a lawsuit that pointed to unequal access by public school districts to local property taxes and bonds.

A flow of public dollars to private schools has raised credit concerns about public schools and spurred litigation in Southwest states.

The budget traveled a bumpy road before a package of spending bills won final passage just days before the July 1 start of fiscal 2026.

Randy Miller, 70, and Chad Miller, 41, entered guilty pleas Wednesday in the Legacy Cares securities fraud case and will be sentenced at a later date.

The Phoenix-based university will not have to pay a $37.7 million fine after the U.S. Department of Education dropped its case.

The outlook revision to positive from stable comes ahead of the airport's planned refunding and plans to issue bonds to help finance a $2.7 billion capital program.