Arizona

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.

For the first time, Arizona will issue $200 million of short-term notes to repay federal loans for its unemployment insurance fund.

An outside audit of Glendale, Ariz., revealed that city officials may have violated state law in hiding the costs of an early retirement.

The Arizona attorney general's office is looking into fund transfers and open meetings issues regarding the recent sale of the Phoenix Coyotes National Hockey League team.

Tucson City Council will decide on a temporary hospital tax as a match for federal reimbursement of uninsured patient care.

Pima Community College expects to be debt-free a year from now, but Arizona's second largest community college district is fighting to maintain its accreditation.

Glendale, Ariz.'s decision to lease its Jobing.com arena to a proposed new owner of the Phoenix Coyotes National Hockey League team is credit negative, says Moody's Investors Service.

Glendale, Ariz., has approved an agreement to keep the NHL Phoenix Coyotes at a city-owned, bond-financed stadium

A new law doubling the bonding capacity of Arizona school district faces a Tea Party petition challenge.

Plans to mortgage Glendale's city hall for $30 million are on hold as the city negotiates in private with prospective buyers for the Phoenix Coyotes.

The Glendale City Council is planning to mortgage City Hall to cover costs of keeping the National Hockey League's Phoenix Coyotes playing at the city-owned Jobing.com arena and to cover a $27 million deficit.