Southwest

As Oklahoma lawmakers sought additional funds to close a $1.3 billion budget gap, Treasurer Ken Miller gave them the bad news that state tax receipts in March were the lowest in four years.

As it delivers growing numbers of commuters through Houston’s congested car culture, the Metropolitan Transit Authority of Harris County will make a side trip to the municipal market with $136 million of refunding bonds.

After four months of decline, local sales tax revenues increased 2.6% in March compared to the same month last year, state Comptroller Glenn Hegar said.

The University of Texas System will seek savings with a $134 million refunding of revenue bonds.

Arkansas revenues remained above the forecast for March as state legislators prepared to open a special session dealing with Medicaid expansion.

A federal judge approved a $20 billion settlement with BP to resolve litigation brought by five Gulf coast states over the BP Deepwater Horizon oil spill.

Texas sales tax revenues grew 2.1% in March after five months of declines, Comptroller Glenn Hegar reported.

The first inventory of Texas toll roads is a starting point for future discussions about how to reduce tolling, said an anti-toll Texas lawmaker.

Colorado Gov. John Hickenlooper’s signature on recently passed legislation will clear a path for the University of Colorado’s $168 million issue of new money and refunding bonds.

After months of seeing revenues fall well below projections, Kansas came within $1.7 million of its target for March, officials reported.