Arizona

Voters in Arizona's Maricopa County may be asked in November to approve a $935 million bond proposal to revamp the county's public hospital system.

Despite an improving economy, the city of Phoenix is still facing budget deficits.

Arizona public schools say the state owes them $330 million in state funding withheld during the economic downturn.

Gov. Jan Brewer called on the Arizona Legislature to create a fund to help keep military bases in the state off of a potential closure list.

The Phoenix area will see its light rail system grow with this week's $115 million of sales tax-backed bonds.

Seeking to avoid debt wherever possible, state lawmakers are searching high and low for money to repair their aging capitols in the wake of recession.

Pima County Arizona will raise debt for roads, sewers and other projects with $160 million of bonds.

Arizona Public Service Co. has closed three coal-fired generators at the Four Corners Plant and plans to spend $350 million upgrading the two that remain.

Arizona is well into an economic recovery but has no plans to issue any debt in the next year, state officials say.

Arizona counties are organizing a 2014 effort to restore local highway and road funds lost during the budget crises of the past five years.

The Internal Revenue Service has told Avondale, Ariz. that it believes $29.8 million of Build America Bonds it issued in 2009 do not qualify for subsidy payments because of tax law violations.

Standard & Poor's and Moody's both changed their outlook on Arizona to positive from stable based on the state's improved budget stabilization fund balances.

Tempe, Ariz., has allocated $40.8 million to build the nation’s largest steel dam on Town Lake three years after the original inflatable rubber version collapsed and released nearly a billion gallons of water downstream.

Texas voters approved a $2 billion water bond program Tuesday in the largest of many bond related issues voters decided in the off-year.

General-fund spending among Maricopa County's 10 largest cities is set to increase by about 2% in the current fiscal year, budgets indicate.

Chandler, Ariz., will price $110 million of excise tax revenue debt for its water and wastewater system in a competitive deal Tuesday, Oct. 29.

Voters in Tucson will decide on Nov. 5 whether the city can add up to $50 million to its annual spending.

Arizona's Public Safety Personnel Retirement System is suspected of reporting false values for its real-estate investments, according to the Arizona Police Association.

Glendale, Ariz., has replaced a financial services director who resigned in the wake of an outside audit that detailed a series of financial irregularities, officials said.

Pima County, Ariz., bond panel votes unanimously to put off a proposed $650 million bond election until 2015.