Oral arguments on a suit seeking to overturn last week's approval of a tax increase for Travis County, Texas's hospital district are set for this week before U.S. District Judge Lee Yeakel.
The Travis County Taxpayers Union, which opposed the tax increase, is asking for a preliminary injunction to prevent the county and Central Health from officially certifying the votes. The group contends that the ballot language was confusing and violated the federal Voting Rights Act.
Attorneys from Central Health have asked the judge for a quick dismissal of the request.
Health district officials said the federal Justice Department raised no objections to the ballot proposal at a review in October.
Unofficial results show 55% of voters approved the increase to provide $35 million a year for a medical school in Austin.
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August may have one of the highest tax-exempt volume totals on record, according to J.P. Morgan analysts — don't expect it to let up.
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The announcement — which affects the 10- to 30-year part of the curve — sent longer-term UST yields falling up to 10 basis points on Wednesday.
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Brightline West bondholders agreed to give Brightline more time to secure a $400 million equity contribution that was originally due on March 31.
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Law firms, think tanks and advocacy groups are digesting the ROAD to Housing bill and offering strategies to municipalities about how to maximize the public finance benefits.
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Financing for a nearly $500 million long-term investment plan would include as much as $250 million of revenue bonds that could be sold next year.
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Like state governments, most cities and counties remain on "solid footing" given high reserve levels and conservative budgeting, BofA strategists said.
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