Southwest

Voters across Texas approved $5.59 billion of the more than $6.8 billion of bonds on the ballot, according to the Austin consulting firm Strategic Partnerships Inc.

New Mexico will use $169 million of bond authority granted by the voters in the Nov. 4 election for senior citizens centers, libraries and schools.

Joining a year-end rush to market, the Texas Transportation Commission plans to offer $1.4 billion of top-rated general obligation bonds in December.

The University of Texas System could see savings of 10% on an advance refunding of $250 million of bonds expected to price Nov. 12.

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.