Texas

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.

Voters in Texas' most populous county approved the flood control bonds after the devastation of Hurricane Harvey, but matching funds have been slow to arrive.

Locke Lord's Texas public finance team continues to expand with the addition of Arnold Cantu from Norton Rose Fulbright.

Following the change, S&P now views all U.S. public finance sectors as stable with the exception of higher education.

Governor expected to call for more crackdowns on voting, teaching of race theory in public schools.

Texas entered a new state of uncertainty when Gov. Greg Abbott cut off funds for the legislature while launching an online fundraising scheme for a controversial border wall.

After a year of adjustments made as a result of the pandemic, Baylor University earned a positive outlook on $124 million of new-money revenue bonds.