Southwest

Arkansas' $206.5 million federal highway grant anticipation and tax revenue bonds with final maturities of 2026 drew a true interest cost of 2.0858% in a competitive sale won by Citigroup.

Arkansas's newly elected governor Asa Hutchinson will inherit a budget that closely matches revenue, according to the latest report from the state Department of Finance and Administration. Nonetheless, Hutchinson will face a decision on whether to delay tax cuts.

Kansas Gov. Sam Brownback made up for lost ground, winning re-election after trailing in the polls for several weeks as state revenues trailed projections.

Phoenix voters refused to shift more investment risk to the city's employees by rejecting Proposition 487, which would have eliminated the defined benefit pension for new employees.

Warnings of a "death spiral" for regulated electric utilities caused by distributed generation such as rooftop solar panels are premature, according to Moody's Investors Service.

Wichita, Kan., officials were left empty-handed as voters rejected a one cent sales tax for transit, street and jobs projects over the coming five years.

A day after Texans elected State Sen. Glenn Hegar to succeed her, state Comptroller Susan Combs reported that Texas revenues rose 12.9% in October to $2.41 billion, the second highest total for the year.

The North Texas Tollway Authority's $461 million of refunding bonds were ten times oversubscribed in a Nov. 5 pricing, bringing the toll road operator savings of nearly 11%.

On the morning after Denton, Texas, voters approved new limits on drilling operations in the city, an oil and gas industry association went to court seeking an injunction.

The crash of Virgin Galactic's Spaceship Two is a setback for New Mexico's publicly financed SpacePort America, which is to be the location for commercial space flights, but the bonds issued to build the facility remain a safe investment, an official said.