Arizona

Gov. Doug Ducey's $12.3 billion budget proposal would slightly increase the state's reserves.

A not-for-profit chosen by Bloomington would borrow about $300 million to finance the Mall of America indoor water park through an Arizona conduit.

The Navajo are among several tribal nations pursuing renewable energy projects in a changing generation landscape.

A bus line in Flagstaff received $17.3 million in grants to relocate its connection center and buy zero emission buses.

The action brings the state's issuer rating to Aa1, as well as upgrades to $1.5 billion in debt that is linked to the issuer rating.

Improved revenue growth prospects and strengthened financial resilience are the primary contributors to the outlook revision, the rating agency said.

Tuesday's results were led by the city of Scottsdale, which won voter authorization for $319 million of bonds.

The deal is made up of $741 million in general airport revenue bonds and $313 million backed by customer facilities charges on car rentals.

At least 48 school districts across the state are seeking bonds or budget limit override measures, including 26 in Maricopa County, home to Phoenix and its suburbs.

Arizona's Salt River Project will sell $436 million of new money power revenue bonds.