Southwest

Box Elder School District's general obligation rating was cut to A1 from Aa2 ahead of a certificates of participation sale this week.

The report takes aim at public school budget balances and charter school funding, and suggests bond issuance to fund teacher compensation endowments.

The outlook revision to negative from stable for the system's revenue bond ratings was spurred by expense-increasing moves in the fiscal 2027 budget.

Revenue from the 0.4% tax would be earmarked for debt service and operating funding for a jail to replace the county's troubled detention facility.

The governors of Arizona and Nevada said their states would suffer disproportionately from the management plan for the drought-starved river.

The Texas city plans to bring general obligation bonds, certificates of obligation and tax notes to market later this month.

The Texas city's general obligation rating was lifted to Aa2 with a stable outlook from Aa3 based on "meaningful" moves taken in its fiscal 2027 budget.

Two hospital deals were among the first to price Monday, including $1.317 billion for Henry Ford Health and $1.118 billion of bonds for Intermountain Health.

The city moved to a less-restrictive Stage 2 drought status for water use in another sign after recent rain that a water supply emergency is no longer imminent.

The Texas city will offer $540.55 million of senior lien and $122.45 million of junior lien special tax revenue bonds to investors this week.