Southwest

WASHINGTON — The Internal Revenue Service has notified Cañon City, Colo., that it has closed an audit without changing the tax-exempt status on $12.73 million of certificates of participation issued in 2008 to provide financing for improvements to its water treatment facility.

DALLAS — The Fort Bend County Toll Road Authority, which feeds suburban traffic to the Harris County toll system in the Houston area, is advance refunding $119 million of debt while continuing its expansion.

Trustees of Southwest Independent School District in Bexar County, Texas, voted last week to put a $165 million general obligation bond proposal on the Nov. 6 ballot.

The San Antonio City Council this month will consider creating a public facilities corporation that would issue up to $544 million of bonds for an expansion of the downtown convention center.

Austin voters won’t see a proposal to authorize $275 million of general obligation bonds for a light-rail system on the November ballot, Mayor Lee Leffingwell said last week.

Kansas’ population will continue to decline over the next 30 years in a process that began more than 100 years ago, according to a new study from Wichita State University.

Kansas Gov. Sam Brownback last week signed a measure extending the state’s STAR sales tax revenue bond program through June 2017.

Tempe, Ariz.’s property tax rate could go up to $2.16 per $100 of assessed valuation from the current $1.79 per $100 under a plan being considered later this week by the City Council.

DALLAS — Standard & Poor’s has placed the AAA-rated Irving, Texas, on CreditWatch for a possible downgrade as the Dallas suburb struggles to raise $170 million for an entertainment center adjoining its new convention center.

DALLAS — Testimony is expected to get under way Monday in a lawsuit by a consortium of 54 Kansas school districts seeking more state aid for education.