Texas

Seeking to keep pace with growth, one of the most populous counties in Texas seeks $400 million of bond authority from voters.

The rising risks of climate change are more apparent as Texas' largest wholesale public power provider comes to market with $248 million of revenue bonds.

Nathan Coco and Megan Preusker joined the firm this month, deepening the expertise offered by the firm's bankruptcy and restructuring practice.

Texas utilities face prolonged risk to their credit from weakness in the state's main electric grid, analysts warn.

Texas Gov. Greg Abbott shifted more taxpayer money toward a border wall and called for redistricting state legislative and congressional districts in a third special session.

Chicago Mayor Lori Lightfoot chose San Antonio schools superintendent and former CPS CFO Pedro Martinez to lead the district ahead of a major governance shift.

While falling to the lowest amount of inflows since June 2, the total for the year according to ICI at $72 billion, is still on pace to come close to or break the record, $93.2 billion, hit in 2019.

Texas is fighting the federal government on an expanding front as Gov. Greg Abbott challenges the authority of President Biden on issues of health, civil rights and security.

Despite two COVID-19 waves and a crippling winter freeze, Texas general revenue was up 6.2% for the year that ended Aug. 31.

Some issuers may have taken their eyes off of arbitrage risk, but advisors are still taking that tax-exempt compliance job seriously.

The fast-growing Texas capital was downgraded by Fitch Ratings ahead of a $328 million bond sale that is expected to price in September.

Municipal issuers with the biggest threats from physical climate risk also have the largest liabilities for carbon transition.

Municipal bond volume in the Southwest region increased in the first half of 2021 as its seven other states more than made up for a decline in Texas.

Municipals are tethered to Treasuries, more so in recent sessions, and have cheapened, but strong technicals — $18.5 billion of net negative supply and large reinvestment needs — still hang overhead.

The forthcoming Texas law bans businesses from state contracts if their policies are said to discriminate against the firearms industry.

The city sees room for a new convention hotel, despite nearby competition and pandemic-related setbacks.

July volume was $31.9 billion keeping the annual pace ahead of last year's record-breaking total. Issuance still lags demand by a large amount — $60 billion by many accounts for August alone — as redemptions coupon payments pile up.

The two issuances under IRS scrutiny join an earlier debt issuance the county disclosed publicly late last year.

The governor's 11-item agenda for the special legislative session covers a wide array of social issues along with funding for the legislative branch.

With the effects of the pandemic fading, Texas tax collections showed strength across all sectors, Comptroller Glenn Hegar said.