Southwest

When Arkansas' fiscal year 2015 ended on June 30, the state had a surplus of nearly $192 million, according to the Department of Finance and Administration.

For the first time since May 2010, Texas sales tax revenues fell below the same month in the previous year, Texas Comptroller Glenn Hegar reported July 8.

For the first time in nearly three decades, Texas will not need to issue tax and revenue anticipation notes to cover its short-term cash-flow needs, according to state Comptroller Glenn Hegar.

In the final month of the 2015 fiscal year, Kansas took in $22 million less in revenue than expected, leaving the state $33 million below projections for the 12-month period, officials said.

Moody's Investors Service dimmed its outlook on Houston's Aa2 general obligation rating to negative citing concerns about the city's pension obligations.

San Antonio's CPS Energy, one of the largest and most highly rated public utilities in the nation, will lower its interest costs with a $315.7 million revenue bond refunding.

A legal battle over use of a gate at Love Field will delay $110 million of revenue bonds for an urgently needed parking garage at the Dallas airport.

The Texas Transportation Commission has approved $239 million for projects covered by Proposition 1, a constitutional amendment passed by voters in 2014.

Dallas Independent School District voters could see up to $1.5 billion of bonds on their November ballot under a plan submitted for consideration June 25.

Arizona is looking to reduce interest costs with $168 million of refunding certificates of participation on the heels of recent credit upgrades in an improving economy.