Texas

Gainesville Hospital District in North Texas is reorganizing under Chapter 9 bankruptcy with $19.7 million of general obligation bonds insured by Ambac.

Most of the oil states have gone into recession, S&P Global Ratings said in a new report.

Texas Legislature is beginning the unpopular task of cutting spending for some programs amid weaker revenues.

Local government issuers increasingly relied on certificates of obligation in the past decade, bypassing voter approval to raise capital more quickly, according to Texas Comptroller Glenn Hegar.

The San Antonio City Council will ask voters to approve $850 million of bonds, the largest package in the city’s history, for projects that include redevelopment of Hemisfair Park.

Citing improving market conditions, the University of Houston plans to increase its offering in a competitive sale by $40 million to more than $400 million.

In its first deal of the year, the Texas Transportation Commission sees another opportunity to achieve savings with $800 million of refunding bonds.

Endowed with record funding levels, the Texas Department of Transportation expects to gain momentum on $70 billion of transportation projects planned over the next decade.

Dallas’ unresolved Police and Fire Pension crisis brought another downgrade Wednesday as S&P Global Ratings dropped the city to AA-minus and retained a negative outlook.

Failure of the Texas Legislature to create a new framework for Dallas’ failing Police and Fire Pension Fund would likely bring a downgrade to the city’s AA credit rating, according to Fitch Ratings.

Texas lawmakers will have 2.7% less revenue for the next two-year budget compared to the current biennium, Comptroller Glenn Hegar announced.

As President-elect Donald Trump lays the groundwork for a “great wall” on the Mexican border, Texans weigh the impact of his protectionist ideas on a trade-fueled economy.

Afflicted with a pension crisis that has lowered credit ratings, the Dallas City Council informally agreed to postpone an $800 million bond election that had been expected in May.

With revenues down slightly in 2016, Texas saw sales taxes turn positive in December, rising 4.9%, according to Comptroller Glenn Hegar.

A Texas court will determine if a proposed high-speed rail line can use eminent domain to survey and acquire land.

State-supported universities in Texas will start the New Year with more than $1.5 billion of bonds expected to price in January.

The future of a bond-financed nuclear waste disposal site in Texas may be influenced by the appointment of Rick Perry, who boosted the site as Texas governor, to be Secretary of Energy.

Corpus Christi has given water utility customers the go-ahead to use tap water after a toxic substance entered the water supply, leading to a four-day ban on consumption or bathing.

The grant from the Federal Transit Administration completes funding for $1 billion Texas rail line linking Dallas-Fort Worth International Airport with downtown stations.

For the second year in a row, Texas expects lower bond volume from state agencies, universities and conduits, but outstanding debt continues to grow.