Texas

With the estimated cost rising to $1.2 billion, the city council took action to end planning for the project, sparking concerns about outstanding bonds.

Controller Chris Hollins warned the city lacks sufficient reserves to deal with weather-related disasters in the face of reduced federal financial assistance.

Aleon Metals, along with its subsidiaries, which sold more than $300 million of tax-exempt revenue bonds since 2019, filed Chapter 11 bankruptcies in August.

Legislation passed in Texas and other Southwest states this year seeks to increase or explore funding sources to finance water supply and infrastructure.

The proposed $1.3 billion arena would be financed with city revenue bonds, along with county taxes, subject to voter approval, and a team contribution.

"Annette's expertise and experience add an important new dimension to our already strong Texas K-12 public finance team," Ajay Thomas, FHN Financial's head of public finance, said.

A lawsuit seeks to force the Texas city to reword its Nov. 4 property tax rate hike proposition to correct "misleading" language.

Bond sales in the eight-state region totaled $54.9 billion, trailing the nation with an 8.1% gain year-over-year as Texas issuance slipped 7.6%.

Hunt Memorial Hospital District's distressed finances led to downgrades to Ba3 by Moody's Ratings and B-plus by S&P Global Ratings, with both giving it a negative outlook.

The fiscal 2026 budget would increase police and fire funding by $63.1 million as the city works to comply with a voter-approved public safety spending mandate.