City of Houston, TX

Mayor John Whitmire said phased-in funding under an agreement with plaintiffs who successfully sued the city will help address a budget shortfall.

Chris Hollins, the city's chief financial officer, said Texas anti-ESG laws are raising costs at the same time the city faces a structural budget deficit.

Houston, Phoenix, and Dallas are taking action to address fiscal challenges brought on by litigation, state actions and a ballot measure.

The city council approved the private placement of up to $325 million of notes to commence funding for a $1 billion convention center expansion project.

Ordinances pending before the city council would authorize up to $325 million of interim financing that would be refunded with fixed-rate, 30-year bonds.

Texas, Oklahoma, and other Southwest states would jump on the bitcoin bandwagon amid a nationwide surge in bills to invest public money in cryptocurrencies.

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.

The deal, which marks the city's largest special facilities revenue bond issuance, will help finance a terminal project at George Bush Intercontinental Airport.

As headline risk swirls around the Fed and the transition to the Trump administration, municipals have largely stayed in their own lane. November finds the municipal market "in far better technical shape, with an attractive backdrop through at least year-end," J.P. Morgan's Peter DeGroot said.