Texas

Texas now has the nation's largest rainy day fund after Alaska drained nearly a third of its fund in one year, according to a study by the Texas Comptroller's Office.

State and local governments and showing a wide variety of impacts from the collapse of the oil market that began two years ago, ratings analysts say.

Houston Mayor Sylvester Turner wants to issue $1 billion of bonds as part of a comprehensive 30-year plan to rein in the city’s ballooning pension liabilities.

Central Texas transportation planning agency is looking into a proposed aerial tramway system in Austin.

With its fiscal year completed Aug. 31, Texas came up 1.3% short of revenue estimates used to budget for fiscal year 2016, state Comptroller Glenn Hegar reported.

Bonds for three private prisons in Texas suffered downgrades well below junk-bond status from S&P Global Ratings after the U.S. Department of Justice announced plans to discontinue their use.

The Texas Water Development Board expects the market to quickly absorb its $711 million of top-rated revenue bonds.

Caught up in a dispute between county tax appraisers and the bankrupt owner of a nuclear power plant, a tax-supported hospital district in Glen Rose, Texas, has defaulted on its debt payment, according to a disclosure notice.

Dallas County Judge Clay Jenkins’ advocacy for two Dallas-based bond firms in a $168 million issue led to accusations of interference in a process designed to avoid political influence.

After approving a plan to finance $70 billion of projects over the next decade, the Texas Transportation Commission will issue $712 million of bonds in September to take care of current needs.

The federal Bureau of Prisons' phase out of private prisons has only a small effect on the municipal bond-financed private lockup sector, leaving bond-financed immigration detention centers untouched.

Providence Health & Services took a one-notch downgrade from Fitch Ratings, ahead of a planned &803 million revenue bond deal for Providence St. Joseph Health.

Austin, Texas, council unanimously puts a $720 million mobility bond referendum to fund rebuild of city streets to November vote.

Lenders will own the private operator of State Highway 130 near Austin under a Chapter 11 bankruptcy reorganization plan filed last week.

Despite a two-year slump in the energy industry, local sales tax revenue for Texas cities, counties and other jurisdictions rose 1.2% in July, state Comptroller Glenn Hegar reported.

A rural Texas county along the route of a proposed high-speed rail link between Dallas and Houston voted in restrictions that could throttle the $10 billion private project.

With energy in the doldrums, Texas saw its sales tax revenue fall 1.5% in July compared to the same month last year, said state Comptroller Glenn Hegar.

The University of Texas System will bring its triple-A credit to two bond deals worth a combined $609 million.

Uncertainty over the future of the North American Free Trade Agreement has not stopped Texas from continuing to invest in freight routes across the Rio Grande.

A federal appeals court ruling that allows Fort Worth, Texas, to reduce pension benefits is a positive credit factor for the city and others seeking to adjust to growing obligations, according to Moody's Investors Service.