State of Texas

A number of states are taking aim at tax reductions, though some experts view the move as misguided policy.

Biennial budget bills filed by the Texas House and Senate include $15 billion in property tax cuts amid a projected $32.7 billion surplus.

The Texas attorney general's office determined a Citigroup commercial firearms policy does not comply with a 2021 state law prohibiting state and local government contracts with companies that discriminate against the firearms industry.

With the Permanent University Fund only benefitting the two biggest public universities in Texas, the state legislature will consider creating an endowment for other higher education institutions.

As a result of low projected available capacity, some school districts may not get the program's triple-A ratings for their bond sales.

State agencies expect to issue about $14.42 billion of debt during the fiscal year that began Sept. 1.

The Texas Attorney General's Office will announce by Jan. 13 whether Citigroup can continue to underwrite municipal bonds in the state under a 2021 law that prohibits contracts with companies that "discriminate" against the firearm industry.

Texas gave S&P until Oct. 13 to produce documents detailing its development and use of ESG factors in public finance ratings.

UBS was the only bank that underwrites municipal bonds on the list of 10 financial companies determined to be boycotting energy businesses under a Texas law aimed at protecting the state's oil and natural gas industry.

The controversial Chapter 313 program's property tax breaks will not be offered after Dec. 31, 2022.

A new study found that following the recent law in Texas law barring muni underwiriting by banks discriminating against the oil and gas industry, municipalities face higher borrowing costs after many players exited the market.

The lack of a TRANs deal will put off a test of how competitive bidding for the debt may be impacted by the state’s pro-firearm and fossil fuel policies that have sidelined a few big underwriting firms.

High energy prices and low unemployment have aided Oklahoma’s economy.

The CFO will be joining Dallas Area Rapid Transit starting July 18.

The laws raise borrowing costs for issuers and limit the distribution networks, according to a study.

The departure comes amid Spanish reports that financing for what aims to be the nation's first bullet train is "in hibernation."

San Antonio and Fort Worth voters approved bonds, while a few school districts stumbled, particularly with projects unrelated to academics.

The high court validated about $800 million of ratepayer-backed bonds to finance the recovery of fuel costs incurred by Oklahoma Gas and Electric Company (OG&E) during the February 2021 storm. 

A taxable bond issue will raise $3.4 billion for extraordinary costs incurred by natural gas utilities during deadly Winter Storm Uri that hit Texas in 2021.

Even deals that go bankrupt can be seen as successes in the U.S. P3 market, which may face an "inflection point" with the new infrastructure law.