New Mexico

The Texas city's project joins other efforts in Southwest states to find new water sources as supplies dwindle due to persistent drought conditions.

As double-digit revenue growth comes to an end, Southwest governors are crafting budgets to deal with the new normal.

The state would raise $500 million through internal debt sales backed by oil and natural gas severance tax revenue to fund long-term water purchase contracts.

The amount of unspent funding for state and local capital projects is at a historically high $5 billion as projects struggle with rising construction costs.

Public schools account for most of the $28.48 billion of bonds on Texas ballots Nov. 7.

States nationwide saw slower general fund revenue growth in fiscal 2023 after gains the previous two fiscal years fueled by high inflation and federal stimulus.

The state is capping transfers of fossil fuel-related revenue to its general fund and will invest money that exceeds the cap through a Severance Tax Permanent Fund.

Energy-producing states are riding out oil and natural gas price swings that affect severance tax collections.

The growth in March tax collections reported by the states was less robust than a year earlier.

The House and Senate differ in their approaches to lowering property taxes by billions of dollars as the state anticipates a record budget surplus.

Each would preserve their individual brands with a new organization functioning as the parent company with the aim of cutting administrative costs.

The legislation would allow the New Mexico Finance Authority to issue revenue bonds for transportation and broadband projects.

Oil and natural gas-related taxes and payments are driving projected increases in the state's general fund and stirring concerns about a future revenue drop.

Officials in New Mexico's state capital are fretting that late audited financials audit could lead the state to withhold state bond proceeds for city projects.

Coordinated national efforts to share firefighters and other resources could be stretched thin this year as drought hammers the West.

After dropping dramatically with the onset of the COVID-19 pandemic in 2020, energy severance tax revenue is soaring along with oil and gas prices.

Seven of Colorado-based Tri-State Generation and Transmission Association's member utilities are considering an exit.

New Mexico bet on a space tourism market that promoters thought could be worth $8 billion by 2030. But there have been economic and technology missteps.

Fund inflows are a demand component unlikely to slow during the heavy reinvestment season, keeping the yield environment squarely in issuers' favor.

New Mexico joins neighboring states Arizona and Colorado in legalizing marijuana sales with an eye toward higher state revenue.