Southwest

A for-profit detention center in Willacy County that was evacuated after an inmate uprising is in default on its $78.5 million of bonds issued in 2011, according to trustee U.S. Bank National Association.

With the Kansas Legislature seeking agreement on proposed tax increases to cover a $400 million budget shortfall for the fiscal year beginning July 1, state budget director Shawn Sullivan said employee furloughs will begin June 7 if no agreement is reached.

The Texas Legislature’s 84th Session closed with a $209 billion biennial budget, $3 billion of bonds for university construction and a proposed $3 billion of additional funding for highways.

With federal funds in short supply, Texas' largest public housing authority is using tax credits and private activity bonds to give federal housing projects a new lease on life.

For the first time in eight months, Denver International Airport has a chief financial officer with the promotion of Gisela Shanahan from her previous post as senior manager of capital planning and budget.

The Arkansas legislature quickly approved bills to authorize GO bonds to help a Lockheed Martin factory project.

Texas Gov. Greg Abbott and legislative leaders have agreed on $3.8 billion tax cut for businesses and property owners as the 2015 session enters its final week.

A proposed constitutional amendment approved by House and Senate leaders would dedicate $2.5 billion of the general sales tax to the highway fund and add a portion of motor vehicle sales taxes beginning in 2020.

Tucson, Ariz., gets a downgrade and a negative outlook from Fitch Ratings as it prepares to issue $78 million of debt.

Texas franchise tax revenue collections as of the annual May 15 deadline totaled $4.12 billion, which matched projections, state Comptroller Glenn Hegar said.