Texas

Texas sales tax revenue in December fell 1.1% to $2.33 billion as low oil prices continued to undermine the state’s economy.

The University of Texas System will offer investors taxable and green bonds in a pair of top-rated deals worth $450 million.

Keith Richard has joined Siebert Brandford Shank & Co. as Managing Director and will lead the Texas region, the firm announced on Monday. Richard will be based in the firm’s Houston office.

Texas' total outstanding debt increased 6.2% in fiscal year 2015 to a record $47.09 billion, according to the state Bond Review Board.

A large operating loss cost the operator of Mission Regional Medical Center its investment-grade rating from Standard & Poor's, and notice of a technical default is expected.

Texas Department of Transportation chief financial officer James Bass will move to executive director, a job he previously held on an interim basis.

With oil prices continuing to slide, the Standard & Poor’s outlook for Ector County Hospital District in the heart of the Permian Basin has slipped to negative.

After narrowly winning a runoff for election as mayor of Houston, State Rep. Sylvester Turner must deal with a weakening economy and growing problems with pension and debt.

November Texas sales tax revenue was down 3.3% in November compared to a year earlier, reflecting the continuing fall in oil and gas prices across the state

With dozens of private detention facilities in operation today, battles in the courts and campaign trail could enhance or dim the outlook for detention debt in 2016.

With the nation’s largest percentage of uninsured patients, Texas hospitals face great uncertainty over whether the federal government will renew a five-year Medicaid waiver or penalize the state for not expanding coverage, experts say.

In its last deal of the year, the University of Texas System will offer investors a choice of taxable or tax-exempt bonds in a $241 million pricing.

The Texas Water Development Board' $255 million bond issue for a reservoir on the Lower Colorado River is expected to bring savings of $18 million.

Texas could face the loss of as much as $1.1 billion per year in franchise tax revenue if a recent court ruling survives an appeal, Comptroller Glenn Hegar warned.

Texas’ El Paso County Hospital District received a two-notch Standard & Poor’s downgrade in the wake of the district’s legal settlement with an affiliated children’s hospital that’s in bankruptcy.

An Allen, Texas, bond committee has ranked $103 million of projects that could show up on a bond proposal next May.

A $500 million power plant in Brownsville, Texas that would have included public investment has been delayed due to low natural gas prices.

A $282 million federal transportation loan will finance additional lanes on an eight-mile stretch of U.S. 183 in Austin, U.S. Transportation Secretary Anthony Foxx announced.

Already endangered by state and federal spending cuts, many rural hospitals in Texas are facing additional strain from falling oil and gas prices.

The South San Antonio Independent School District failed to use proper financial controls and failed to disclose conflicts of interest in carrying out its 2010 bond program, according to an investigation by the Texas Education Agency.