Texas

Rising costs and legislative cuts to funding may add strain to underlying ratings of Texas, according to special report from Standard & Poor's.

A team of El Paso, Texas, officials and advisors spent last week traveling to New York and Washington, D.C., to trumpet their planned nearly half a billion dollar bond-financed overhaul of the city's downtown area, which they see as a major game-changer for their region.

With the Texas Legislature considering bills that would invest about half of the nearly $12 billion rainy day fund into bond programs for water and transportation, Gov. Rick Perry is switching signals on how the fund should be used.

Nevada, Wyoming and Texas received high marks in a Morningstar report on how their state permanent fund programs affect credit analysis of individual bonds.

The Texas Senate on Wednesday considered a bill that would raise the levels of permitted radioactivity in waste delivered to a bond-funded dump site in Andrews.

San Antonio's booming Northside Independent School District will price $100 million of bonds Wednesday with soft-put features that are considered somewhat novel among Texas school districts.

El Paso County Hospital District will use proceeds from $152 million of certificates of obligation to build clinics and renovate a hospital in El Paso.

A year after establishing a major base in Texas, the employee-owned public finance firm Baird is expanding in the state with a new Houston office headed by former Raymond James director Carmen Best.

Texas voters would be asked to approve the use of $6 billion from the state rainy day fund for water and road projects under a measure under consideration in the state Senate.

A proposed ban on capital appreciation bonds backed by property taxes is under consideration in the Texas House of Representatives after passage in the Senate.

Baylor Health Care System plans to issue bonds ahead of its merger with Scott & White Healthcare, and Moody's downgraded Baylor Health one notch.

Texas' least-populous county — but certainly not its poorest — is preparing to float $3.4 million of tax-supported notes to provide a local source of water for its 82 residents.

Dallas-Fort Worth International Airport took another downgrade Friday as Fitch Ratings lowered the revenue bond rating to A from A-plus.

Texas' debt-service payments would increase 29% under the $193.8 billion state budget bill that easily passed in the state House of Representatives.

A private foundation linked to the $3 billion bond-funded Cancer Prevention Research Institute of Texas may have improperly changed its name and procedures in the wake of several investigations of alleged insider deals, according to Texas Attorney General Greg Abbott.

Austin (Texas) Independent School District trustees agreed a facilities master plan to win support for May's $892.2 million bond referendum.

El Paso City Hall will be imploded April 14 to clear way for a downtown baseball stadium.

A $2 billion bond program for water projects in drought-stricken Texas won nearly unanimous approval in the state House of Representatives with strong support expected in the Senate.

Moody's Investors Service is considering a downgrade on $1.1 billion of P3 turnpike debt in Texas to non-investment grade.

Brownsville, Tex., will refund $114.5 million of revenue bonds as it lays the groundwork for a pipeline system connecting the city to a proposed investor-owned power plant.