Southwest

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.

Sponsors of a $1 billion rail line in north Texas said more than $535 million of federal funding is on the way.

With dozens of oil and gas company bankruptcies, energy producing states face a growing backlog of abandoned wells as revenue to fix the problems dwindles.

Unlike its neighbors, Arkansas does not tap its general revenues for transportation projects.

Dallas plans to take advantage of continuing low interest rates with a $640 million issue of water and sewer bonds that combine new money and refunding.

For the second straight year, Texas will not need to issue tax and revenue anticipation notes to manage its cash-flow needs, Comptroller Glenn Hegar announced.

The Austin City Council's transportation committee wants voters to decide on $300 million mobility bond packages.