Texas

The publicly offered tax-exempt debt product is new for the firm and the collateralized debt obligation structure may be one of the first for the market since the 2008 financial crisis.

The House and Senate differ in their approaches to lowering property taxes by billions of dollars as the state anticipates a record budget surplus.

The state House Appropriations Committee dropped $3.86 billion from a supplemental spending bill, but its chair said the money is "still in play."

A plan to build a light rail system in the Texas capital city has come under financial and political pressure.

"Florida will not side with economic central planners; we will not adopt policies that threaten personal economic freedom and security," said Gov. Ron DeSantis.

Among the record number of bills filed in the biennial session are bills aiming to restrict or expand municipal bond issuance.

The Texas Education Agency, which initially sought the takeover in 2019, will appoint managers to run the state's largest public school system.

Revenue bonds sold in 2018 for the project would be paid over seven years at lower rates under the Chapter 11 exit plan for the Bridgemoor at Plano debt.

The much-delayed $3.5 billion deal has an optional limited make-whole redemption if state lawmakers appropriate funds to defray costs for natural gas customers.

Legislation barring government contracts with companies that engage in a growing list of "boycotts" in their business dealings has popped up in several states.

Law firm Greenberg Traurig expects to grow its public finance footprint in Texas with the addition of five lawyers.

The taxable bonds, which finally received state approval, will be offered with maturities in 2033 and 2039.

The municipal bond market gets sucked further into the culture wars with Florida's latest plan to ban issuers from considering ESG factors when issuing debt.

Rating analysts said dropping reserves to 0.25% from 5% to free up capacity does not impact the school bond guarantee program's triple-A ratings.

Rising interest rates depressed refunding opportunities, but new money issuance rose amid demand for infrastructure to serve the region's growing population.

Citi was barred from underwriting government bonds in Texas under a state law prohibiting contracts with companies that "discriminate" against the firearms industry.

The award to the South Terminal's private operator comes as Austin plans to demolish the facility as part of an expansion project to accommodate increased airport traffic.

Despite its nearly drained capacity, the Texas Permanent School Fund program continues to operate as it seeks legislative and regulatory solutions to a federal cap.

Christian Care Centers' bankruptcy liquidation plan leaves bondholders impaired after an asset sale raised only $44.25 million.

The popularity of Arizona's universal school choice program, which pays for private schools, brought higher-than-projected costs and future budget impact.