Arizona

The $2.1 billion project could appear on the May 2023 ballot if the Tempe City Council approves it and potential petition drives launched to require voter approval are successful.

Coconino County has issued debt to fund its prepayment to the Arizona State Retirement System, while Pinal County has a bond sale pending.

Nonprofit Legacy Cares failed to make three monthly payments to support debt service on $284 million of bonds issued for a multiport venue in Mesa, Arizona.

Opponents of Oklahoma Turnpike extensions are calling for limits on the agency's ability to issue bonds and raise tolls.

Despite a boost in state funding, Arizona school districts face big budget cuts unless the Republican-controlled legislature lifts a cap on their spending.

With Texas reporting a double-digit revenue increase in fiscal 2022 and projecting a record budget surplus, Gov. Greg Abbott wants a large property tax cut.

Bond issuance in the Southwest region was down 10.1% to $40.8 billion from January through June compared to the same period in 2021.

Court decisions are highlighting the complexity of controlling how states spend money allocated them by federal law.

Park View School Inc., a charter school operator in Prescott Valley, has filed for bankruptcy following years of financial mismanagement and a lawsuit from the SEC.

Arizona's law offers vouchers to all parents to choose where their children are educated at taxpayer expense. The impact on public school finances is uncertain.

Negotiations over a new home for the Coyotes and related multi-use development are underway in Tempe after the team was exiled from nearby Glendale.

Phoenix may end a GO bond drought with a plan to ask voters next year to approve $500 million of debt to fund projects in the growing city.

While the report offers many positives for states, headwinds loom, according to investment management firm Conning.

FHN Financial Capital Markets hired Rene Moreno to establish a banking presence in Arizona while Melanie Shaker will launch the firm's new Midwest effort.

A spike in POB issuance last year that was spurred by low interest rates, roaring stock markets, and other factors is likely to wane.

Oklahoma is poised to follow in the footsteps of Texas by barring banks from municipal bond deals if deemed to be against firearms and fossil fuel industries.

Phoenix’s ratings were affirmed and its general obligation bond outlook was raised to stable from negative by Moody's.

Mayo is publicly offering $516 million of tax-exempt bonds and privately placing $200 million of taxables.

The Department of the Treasury’s warning letter to Arizona may be a warning to all states who defy the Biden Administration’s rules related to ARPA funding, but disclosure related to clawbacks could be a problem for muni issuers.