Texas

A charter school in San Antonio is expected to close at the end of the year, jeopardizing $25 million of municipal bonds the institution borrowed in 2022.

The rating for Baylor Scott & White Health in Texas was upgraded, while Presbyterian Healthcare Services in New Mexico was downgraded by Moody's.

The study comes as the city faces a growing structural budget deficit and shrinking reserves that led to negative bond rating outlooks.

A recent Texas Supreme Court decision will force the city to increase the amount of property tax revenue allocated to a dedicated drainage and street fund.

From two Colorado lines to more Amtrak service, Southwest states are advancing passenger rail projects, but the Trump administration may slow that roll.

The Dallas-based firm, which was acquired last year by Texas Regional Bank, is expanding its underwriting reach in Texas and other states aided by new hires.

The state House and Senate announced their spending plans for the upcoming biennium, including funding to continue and increase 2023's state-funded tax cut.

"Stan, as a former CFO and controller within the school system, has considerable insight into the needs of our education clients, and can leverage the full breadth of Stephens' resources to help them realize their goals," Stephens' Leigh Ann Biernat said in a statement.

While Texas is forecasting a big budget balance, fiscal boom times are ebbing for it and other Southwest states amid tax cuts and depleted federal funding.

The state comptroller forecasts a $23.8 billion budget balance at the start of fiscal 2026-27, down from a record $39.4 billion for fiscal 2024-25.