Southwest

The Glendale, Ariz., City Council is considering options for raising the city’s sales tax and property tax rates to cover an anticipated $35 million revenue shortfall in fiscal 2013.

WASHINGTON — The Internal Revenue Service is looking into the tax compliance of $195 million of lease revenue bonds issued by the Pima County, Ariz., Industrial Development Authority in 2008 for a nonprofit borrower that used them to finance the development of a detention facility for Clark County, Nev.

DALLAS — Colorado's Regional Transportation District will not seek voter approval of a sales tax increase in November that would allow completion of the FasTracks rail and bus system on its current schedule.

DALLAS — Seeking to take advantage of historically low interest rates on the long and short end of the market, Houston brought $371 million of refunding bonds to market Tuesday through a syndicate led by Jefferies & Co.

El Paso County, Texas, commissioners last week approved George K. Baum & Co. as the replacement for Coastal Securities as the county’s financial advisor in a 3-to-2 vote.

Oklahoma Gov. Mary Fallin asked for an audit last week of the American Indian Cultural Center and Museum after three lawmakers opposed to a state bond issue for the facility called for the oversight.

Little Rock, Ark., hopes to build a new police headquarters with revenues from the 1% increase in the city’s sale tax rate that went into effect Jan. 1, 2012.

Trustees of Arizona's Western Maricopa Education Center Joint Technological Education School District No. 402 will consider asking voters in November for a property tax increase to support up to $85 million of general obligation bonds.

DALLAS — As its largest tenant faces an uncertain future, Dallas-Fort Worth International Airport plans a mix of refunding and new-money debt for this week and late May.

DALLAS — Colorado lawmakers expect to have an easy time of resolving differences between House and Senate versions of the $19 billion budget after both chambers passed the spending plan with surprisingly strong bipartisan support.