Texas

Texas Comptroller Glenn Hegar cleared Texas' budget for Gov. Greg Abbott's signature, citing progress on two troublesome fronts — public power and pensions — but credit rating agencies say risks are still elevated.

Traffic is returning to Dallas-Fort Worth International Airport, but plans to expand have been scaled back.

TxDOT expects to issue $1.5 billion of bonds in fiscal year 2022, with another $1.5 billion issued in fiscal 2024.

Texas is enjoying record revenues amid continuing uncertainty stemming from the pandemic, Glenn Hegar told The Bond Buyer Texas Public Finance Conference.

Texas lawmakers are facing a special session after a battle over elections, firearms and finance.

A Moody's downgrade on San Antonio's convention hotel bonds came with the lowering of the outlook to negative on the city's Aaa issuer rating.

Even with a 23.3% year-over-year drop in May, with five months now officially in the books, long-term muni volume stands at $169.45 billion, ahead of the $157.96 billion issued in 2020.

In the waning days of the Texas Legislature, lawmakers tweaked plans to help utilities absorb billions of charges stemming from February's winter storm.

Texas governments and advisors are waiting to see if the potential exclusion of the state's largest municipal bond underwriters will affect issuance costs.

The legislation would bar firms that receive government contracts from discriminating against firearms companies. Smaller banks have quietly dropped their opposition in hopes of gaining more municipal bond business.