Southwest

Texas state pensions bear the third-highest risk of a downturn-driven "budget shock" behind Alaska and Connecticut, according to Moody's Investors Service.

The remodeling of the 22-year-old airport will add gates and update its security infrastructure.

The special purpose districts that have powered development in the Cinco Ranch area west of Houston repeatedly failed to disclose to bond investors the risk of severe flooding from the adjacent Barker Reservoir, a Houston Chronicle investigation found.

Las Cruces Public Schools officials have OK'd a measure calling for a $50 million bond election in February 2018.

Gov. Mary Fallin said the state should not wait until the February opening of the regular legislative session to repair its budget.

The board approved a resolution and proclamation of a school bond election in 2018, which will ask voters to approve general obligation bonds up to $10 million.

Houston hits the market with more certainty about its pensions but less about the tax-exempt market.

Ardmore City Schools may reintroduce the proposed bond measure that failed on Tuesday night.

Texas also would get less funding than it says it needs in the White House request, set to be made on Friday.

Ennis Rep. Joe Barton is rallying to prevent the GOP's sweeping tax revamp from costing the city of Arlington millions of dollars on its voter-approved plans to finance the new Texas Rangers ballpark.