Southwest

DALLAS -- Opponents of a privately financed, $10 billion high-speed rail system in Texas scored a victory when the federal Surface Transportation Board declined to take jurisdiction over the proposed project.

The Harris County Hospital District earned a two-notch Fitch Ratings upgrade to AA despite weakness in the Houston area's energy economy.

Austin, Texas, City Council adopts mayor’s proposal for a GO bond referendum on his $720 million Go Big transportation plan.

Oklahoma entered a recession more than a year ago and may still be in one as oil and gas futures trade at less than half of their 2014 peak prices, according to recent economic data.

Denver International Airport is negotiating with an international P3 group for renovation of its passenger terminal.

Kroll Bond Ratings Agency conferred a fourth triple-A rating on Texas general obligation debt as KBRA added its fifth state client.

Texas saw its June sales tax revenue dip 0.8% as a weak oil and gas sector continued to hobble growth, state Comptroller Glenn Hegar said.

Kansas is still looking for the winning formula, four years after Gov. Sam Brownback started his experiment with income and business tax cuts. The 2016 fiscal year ended June 30 with the state borrowing $900 million, raising $38 million to avoid closing public schools and again falling short of revenue estimates.

A decision to delay an $83 million refunding until Britons voted on an exit from the European Union proved highly rewarding for Arkansas as interest-rate savings far surpassed earlier expectations, according to those involved in the sale.

San Antonio plans to offer the market $564 million of revenue refunding bonds for CPS Energy as the city copes with rapid growth.