Southwest

Two muni veterans are joining PNC's public finance team.

The Oklahoma Council of Bond Oversight approved up to $2.9 billion of bonds to continue financing of a turnpike expansion program and to refund outstanding debt.

Jefferson County School District R-1's lawsuit comes after the U.S. Department of Education threatened to withhold federal funding over transgender policies.

Beneficial rainfall allowed the Texas city to move its timeline for a projected water supply emergency to September 2028 from the same month in 2027.

School districts face competition from a state-funded voucher program and financial challenges that in some cases have led to negative rating actions.

Water infrastructure projects in the 2027 plan are aimed at accommodating projected population growth and addressing dwindling supplies.

The Texas city needs higher rates in part to support future debt that would be issued for $1.1 billion of water supply projects that are underway.

The Texas city's $943.9 million airport revenue bond issue will provide long-term financing for an expansion plan and refund some outstanding debt.

The default comes as charter school bonds have been the municipal sector with the most defaults this year.

The state's Republican governor and legislative leaders ordered 3% cuts for the next biannual budget as they announced their priorities for the 2027 session.