Arizona

From two Colorado lines to more Amtrak service, Southwest states are advancing passenger rail projects, but the Trump administration may slow that roll.

While Texas is forecasting a big budget balance, fiscal boom times are ebbing for it and other Southwest states amid tax cuts and depleted federal funding.

The Goldwater Institute took aim at another Arizona municipality, filing a lawsuit against tax rate hikes approved by the Gilbert Town Council in October.

Wish lists for new or improved professional sports venues are piling up with Oklahoma City poised to vet financing proposals for a downtown basketball arena.

Debt issuance and public-private partnerships could be in the financing mix for projects considered by the Arizona Water Infrastructure Finance Authority.

The low-rated, Phoenix-based university turned to a public debt sale after refinancing maturing outstanding bonds with bridge loans.

Issuers in Southwest states led by Texas are hoping voters will approve billions of dollars of bonds in Tuesday's election.

The Payson Town Council rescinded its approval for $70 million of bonds targeted by a lawsuit filed in September.

The Equitable School Revolving Fund will have 90 loans outstanding to charter schools across 23 states.

The University of Arizona, which was hit with negative rating outlooks earlier this year, scheduled a debt refunding led by Morgan Stanley for Wednesday.

Litigation in Arizona, Oklahoma, Texas, and Utah could determine bond issuance, culpability for defaults, or the constitutionality of underwriter bans.

Water agencies in Texas, Oklahoma, and Denver are selling a combined nearly $2 billion of triple-A-rated bonds this week.

The Payson Town Council's passage last month of a bond resolution using an emergency clause violated the Arizona Constitution, according to a lawsuit.

The Greater Arizona Development Authority, which has been inactive for nearly a decade, will once again offer lower cost financing for rural communities and tribal governments.

Continued economic growth and budgetary discipline could lead to an upgrade of the state's AA rating over the next two years, S&P said.

In Texas, the Austin City Council set a climate bond election for no later than November 2026, while an Arizona water authority is dealing with a funding drought.

The $238.8 million of voter-approved debt will end a 12-year drought in new money general obligation issuance by the nation's fifth largest city.

The Phoenix-based school's debt was rated a notch above junk — to BBB-minus by Fitch Ratings ahead of a refinancing of bonds from a 2021 issue.

The legislature addressed the cost of a $329 million property tax refund in the state's largest county as well as passed a fiscal 2025 budget.

A preliminary forecast showed the school's days cash on hand falling below the Board of Regents' 140 days minimum requirement for a third straight fiscal year.