Southwest

A $357 million federal TIFIA loan to a Texas P3 project will help finance construction of tolled express lanes on a Houston highway.

After lowering its debt service with strategic refundings over the past two years, North Texas Tollway Authority is looking for more savings with $947 million of first-tier revenue bonds.

Local voters across Texas will face a light menu of bond proposals in May after school districts, cities and counties agreed to bring $4.8 billion to the ballot.

A broad ruling by the Colorado Court of Appeals in a case of a developer’s egregious fraud has sent lawyers to the state’s General Assembly for legislation to protect existing special districts that issue tax-exempt bonds.

Five days after Kansas lowered its revenue estimates for the current and coming fiscal year, Standard & Poor's placed the state's AA rating on its watch list for a possible downgrade.

A $3.4 billion project designed to deliver water to the San Antonio Water System is facing delays after Abengoa S.A., the company hired to build the 142-mile pipeline, filed for bankruptcy.

Odessa, Texas took a one-notch downgrade, following in the footsteps of its Permian Basin sister city of Midland.

California is the least prepared to weather a recession of the four most populous states, according to a Moody’s Investors Service fiscal stress test.

A revised revenue estimate that is $229 million below previous forecasts will delay highway projects and force other state spending cuts, Kansas officials said.

Citing “persistent and large operating losses,” Standard & Poor’s downgraded Catholic Health Initiatives one notch to A-minus and retained a negative outlook.