Arizona

Arizona plans to price $706 million of highway revenue bonds Wednesday as the legislature begins considering how to distribute the state's rebounding revenues.

Arizona State University plans to issue $112 million of revenue bonds in a deal that comes a week before the Arizona Legislature convenes to consider education spending measures.

Standard & Poor's shifted its outlook to stable from negative as the Arizona Transportation Board plans to issue $712 million of revenue bonds after the first of the year.

The Phoenix City Council adopted a one-year tax on local hospitals to generate up to $130 million a year as matching funds for federal healthcare.

Glendale, Ariz., took a second downgrade on its general obligation bonds Wednesday as the Phoenix suburb refunded $239.9 million of debt issued for professional sports facilities.

After a ratings downgrade triggered by its commitment to the National Hockey League's Phoenix Coyotes, Glendale, Ariz., is restructuring its debt for professional sports facilities with $230 million of taxable and tax-exempt revenue bonds.

Maricopa County Unified School District 97, Ariz., expects to issue up to $24 million of general obligation bonds by late January from a $148 million authorization approved by voters in 2008.

The Glendale, Ariz. City Council approved a $308 million, 20-year management agreement to keep the NHL's Phoenix Coyotes in the city's bond-financed Jobing.com Arena.

The Glendale, Ariz. city council will consider an arena management agreement Tuesday that could keep the Phoenix Coyotes professional hockey team in the city-owned Jobing.com Arena

Mesa is on track to bring in more than the $131 million of sales tax revenue expected in fiscal 2013, officials said last week in the city’s latest financial report.

A task force developing a list of projects to be included in Scottsdale, Ariz.'s general obligation 2013 bond request will meet this week to review suggestions proposed by citizens through the city's web site.

Arizona State University halted talks about joining the city of Mesa and the Chicago Cubs on a new baseball facility being built with $84 million of general obligation bonds.

With the healthcare industry facing dramatic changes, Scottsdale Healthcare Corp. is getting a ratings lift after the sale of eight buildings under a new finance strategy.

Proponents of an elevated hiking trail in Scottsdale, Ariz. said they would seek $25 million for the first phase of the project in a proposed $250 million bond referendum in November 2013.

Mesa, Ariz. will finance extensive upgrades to its parks system if voters approve $70 million of general obligation bonds in November.

The Arizona Department of Transportation said it will complete a route study for a commuter rail line linking Phoenix and Tucson.

Banner Health, one of the largest nonprofit hospital operators in the nation, is issuing $252 million of taxable and tax-exempt revenue bonds to expand two Phoenix-area hospitals.

West Coast nonprofit hospital chain Dignity Health, formerly Catholic Healthcare West, was downgraded ahead of plans to sell up to $500 million in taxable bonds.

Glendale, Ariz. is trying to lower the subsidy it would pay next year to Greg Jamison, the would-be owner of a pro hockey team at city owned Jobing.com arena.

A $129 million capital improvement effort to build a new law school campus in downtown Phoenix for Arizona State University has been approved.