Southwest

Arkansas is on track to fully fund its fiscal year 2014 budget that ends this month, despite a 5.6% drop in May revenues, officials said.

Moody's Investors Service downgraded Topeka's Shawnee County Unified School District 501 as the district prepared to issue the first $118 million of bonds approved by voters April 8.

Colorado Gov. John Hickenlooper has vetoed a bill that imposed limits on public-private partnerships for transportation projects in the state.

Austin Community College District is considering asking voters for $385 million of general obligation bond money for its growing chain of campuses.

Colorado's Regional Transportation District has already broken ground on its new North Rail Line that will be financed with $431 million of debt going to market Thursday.

Amid environmental upgrades of a coal-fired power plant, the unified governments of Wyandotte County and Kansas City, Kan., took a Moody's downgrade on $186.5 million of utility bonds.

Standard & Poor's has lowered its outlook to negative on Texas Lutheran University's BBB rating.

Moody's Investors Service has downgraded to A2 from Aa3 the underlying rating for Pueblo County School District 70 in southern Colorado and retained a negative outlook.

Phoenix will seek savings with a $290 million refunding of general obligation debt scheduled for the week of June 2.

Marshall Independent School District in East Texas will try again to get voters to take on new debt after a $150 million bond proposal failed in May.