State of Texas

Two triple-A bond deals from the Lone Star State to finance water-related projects are scheduled to price this week in the municipal market.

A group of bondholders are floating fresh financing to a bankrupt metals recycler that elevates their bonds above other holders.

Differences between the Senate and House versions of the bill, which targeted cities and counties, could not be resolved.

Big changes made by the House to a high-priority bill targeting cities and counties were rejected by the Senate, sending the measure to a conference committee.

The measure would lower the percentage increase in property tax revenue larger cities and counties can tap for operations without seeking voter approval.

Legislation that would put a tighter limit on property tax increases for larger cities and counties advanced out of a Senate committee on Friday.

Kelly Hancock resigned his state senate seat and assumed a position that will make him acting comptroller after current Comptroller Glenn Hegar leaves office.

The city, which faces a budget shortfall, would receive the lesser of 30% or $80 million of Harris County Toll Road Authority surplus toll revenue.

Issuers in Texas are wary of potential changes at the federal and state level that could impact their finances and ability to sell debt.

Moody's is the latest rating agency to warn about a budget squeeze for Texas schools, which have been prolific issuers of voter-approved bonds in recent years.

Texas officials are eying ways to protect a massive state-funded school property tax cut from being eroded by local bond issues and tax increases.

Governors in the drought-prone region are asking their legislatures for funding to boost future water supply or to repair aging water infrastructure.

The Lone Star State is expected to add 225,000 jobs in 2025, down from 244,000 last year, according to the Dallas Federal Reserve's annual forecast.

Legislation to create an education savings account program that would cost an initial $1 billion and serve nearly 100,000 students advanced out of a committee.

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.

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.

The Texas Attorney General will end reviews of Bank of America, Morgan Stanley and JP Morgan after the banks recently left the Net-Zero Banking Alliance.

The bank, which has been under review by the Texas attorney general over its involvement in the Net-Zero Banking Alliance, said it is leaving the group.

BofA and Morgan Stanley left the Net-Zero Banking Alliance, but there was no word from the Texas attorney general on their status as bond underwriters in the state.

Six Texas cities sued the state comptroller over a rule that altered where sales taxes would be collected on certain online purchases.