Texas

Not only do government entities have new federal funds destined to reach them soon, but citizens also are supporting bond elections in record numbers.

In Montana, two school districts and the state government reported that a new state law signed by the governor on May 6 will end the state tax deduction for certain school bonds after 2023 if those bonds are federally taxable.

“Our net present value savings were $191.5 million or a record-setting 29%," said North Texas Tollway Authority Chief Financial Officer Horatio Porter.

A year after the pandemic struck the nation's economy, Texas sales tax collections hit an all-time record for April.

The $8.5 billion on the ballots included $6.5 billion for schools, $1.6 billion for cities, $319 million for counties and $139 million for community colleges.

The North Texas Tollway Authority will sell a mix of taxable first-tier and tax-exempt second-tier bonds in the refunding transaction.

The Texas House rejected a proposal to expand coverage for Texans who have low-paying jobs that do not provide health insurance.

A year after the traditional May bond elections were canceled because of the coronavirus pandemic, Texans will consider bonds for local issuers, mostly schools.

S&P Global Ratings lifted its outlook for the North Texas Tollway Authority as it prepares to refund $850 million of debt.

Anticipating a flood of funding from President Biden's infrastructure plan, states are positioning for an expansion of broadband to rural and underserved areas.