Southwest

AllianceBernstein hired four municipal credit special situations analysts based in its Dallas office.

A 2025 state law prohibits cities from increasing their property tax revenue if they fail to produce a timely annual financial audit.

The state comptroller's office purchased about $5 million of shares in a bitcoin exchange traded fund last month for a newly created strategic reserve.

Four of Dallas Area Rapid Transit's 13 member cities took action to ask voters in May whether they want to withdraw from the agency.

Race and sex-based preferences were removed from the state's Historically Underutilized Business program, which will focus exclusively on veteran-owned firms.

After selling $260 million of voter-approved bonds for the project, county officials are eyeing a sales tax ballot measure in 2026 to cover the higher cost.

The transaction, which supports the Navajo community in Ganado, Arizona, represents a major landmark in furthering Native American health care infrastructure, overcoming hurdles tribal governments typically face in issuing municipal debt to open a replicable path to market other indigenous health systems can follow.

The toll road agency's financial and other practices were targeted in a November legislative study, which could lead to another round of reform legislation.

Fiddlers Canyon's complaint should be dismissed for several reasons, UMB said.