Southwest

Reconciliation of state agency budgets at the end of fiscal 2012 put an additional $21.4 million into Oklahoma’s Constitutional Reserve Fund last week.

State revenues in fiscal 2014 are expected to total $5.9 billion, up $272 million from fiscal 2013 collections, according to a new fiscal forecast outlined last week to the Legislative Finance Committee.

Pulaski Technical College trustees decided last week to delay indefinitely an election to set up a taxing district for the school.

The $747.8 million of state general fund collections in July was more than $16 million above what was expected in the first month of fiscal 2013 when the state budget was adopted in May and $18 million more than in July 2011.

Texas will sell $155 million of general obligation bonds for water projects on Sept. 11 as the Internal Revenue Service conducts a routine audit of a 2002 deal.

Denver Public Schools will test voters' debt tolerance in the general election with a $466 million bond proposal. The district also will seek a $49 million operating tax increase.

An increase in Lubbock County's property tax rate will allow the West Texas county to cope with financial and political problems if President Obama is re-elected in November, Judge Tom Head said Wednesday.

A federal bankruptcy court judge signed an order authorizing American Airline's assumption of its Tulsa maintenance base sublease, paving the way for the bond trustee on $237 million of debt to soon resume payments.

A new 330-acre district designed to raise revenue for a $300 million renovation of Arizona State University's Sun Devil Stadium is facing some resistance as the college town and Phoenix suburb of Tempe recovers from recession.

While state debt per capita is lower in Texas than most, local government debt runs higher than that of other states by a large margin amid growing demand for infrastructure, state comptroller Susan Combs said.