Texas

TxDOT expects to issue $1.5 billion of bonds in fiscal year 2022, with another $1.5 billion issued in fiscal 2024.

Texas is enjoying record revenues amid continuing uncertainty stemming from the pandemic, Glenn Hegar told The Bond Buyer Texas Public Finance Conference.

Texas lawmakers are facing a special session after a battle over elections, firearms and finance.

A Moody's downgrade on San Antonio's convention hotel bonds came with the lowering of the outlook to negative on the city's Aaa issuer rating.

Even with a 23.3% year-over-year drop in May, with five months now officially in the books, long-term muni volume stands at $169.45 billion, ahead of the $157.96 billion issued in 2020.

In the waning days of the Texas Legislature, lawmakers tweaked plans to help utilities absorb billions of charges stemming from February's winter storm.

Texas governments and advisors are waiting to see if the potential exclusion of the state's largest municipal bond underwriters will affect issuance costs.

The legislation would bar firms that receive government contracts from discriminating against firearms companies. Smaller banks have quietly dropped their opposition in hopes of gaining more municipal bond business.

Not only do government entities have new federal funds destined to reach them soon, but citizens also are supporting bond elections in record numbers.

In Montana, two school districts and the state government reported that a new state law signed by the governor on May 6 will end the state tax deduction for certain school bonds after 2023 if those bonds are federally taxable.

“Our net present value savings were $191.5 million or a record-setting 29%," said North Texas Tollway Authority Chief Financial Officer Horatio Porter.

A year after the pandemic struck the nation's economy, Texas sales tax collections hit an all-time record for April.

The $8.5 billion on the ballots included $6.5 billion for schools, $1.6 billion for cities, $319 million for counties and $139 million for community colleges.

The North Texas Tollway Authority will sell a mix of taxable first-tier and tax-exempt second-tier bonds in the refunding transaction.

The Texas House rejected a proposal to expand coverage for Texans who have low-paying jobs that do not provide health insurance.

A year after the traditional May bond elections were canceled because of the coronavirus pandemic, Texans will consider bonds for local issuers, mostly schools.

S&P Global Ratings lifted its outlook for the North Texas Tollway Authority as it prepares to refund $850 million of debt.

Anticipating a flood of funding from President Biden's infrastructure plan, states are positioning for an expansion of broadband to rural and underserved areas.

Texas A&M University System purchased the privatized housing at three campuses through a taxable revenue bond deal.

With its growth only slightly hindered by the pandemic, the University of Texas System aims for savings with refunding deal.