Southwest

Kansas Gov. Sam Brownback plans to cut $25 million in highway spending and enact other cuts as revenue continues to fall.

The University of Houston will issue $272 million of tuition revenue bonds that that combine taxable and tax-exempt debt.

Faced with falling oil prices, New Mexico Gov. Susana Martinez called for a restrained approach to spending under a $6.5 billion budget that emphasizes education, safety and economic growth.

Texas sales tax revenue in December fell 1.1% to $2.33 billion as low oil prices continued to undermine the state’s economy.

Arkansas revenues for December fell below those reported for the same month in 2014 but managed to surpass expectations by $7.7 million.

Kansas revenues fell $27 million below expectations for December, returning to a pattern of shortfalls after a one-month reprieve in November.

New tolled express lane west of Denver is meeting early expectations for congestion relief within the I-70 corridor.

The University of Texas System will offer investors taxable and green bonds in a pair of top-rated deals worth $450 million.

Keith Richard has joined Siebert Brandford Shank & Co. as Managing Director and will lead the Texas region, the firm announced on Monday. Richard will be based in the firm’s Houston office.

Texas' total outstanding debt increased 6.2% in fiscal year 2015 to a record $47.09 billion, according to the state Bond Review Board.