Southwest

The $500 million of revenue bonds to initially finance a $5 billion controversial expansion program were priced amid a turbulent market.

The city plans to sell as much as $295 million of general obligation and revenue bonds in two deals next month.

The top five bond financings have an average dollar volume of more than $1.2 billion.

Royden Durham and Tony Tanner, portfolio managers at the Aquila group of funds, talk with Chip Barnett about what's special about Kentucky and Arizona -- what's the same and what's different -- within their municipal bond markets. (18 minutes)

As the program inches through the federal appropriation process, Texas lawmakers have allocated state funds and created a five-county district with taxing power.

John Whitmire said one of his main priorities as mayor would be repairing and upgrading a decrepit, leaky water-distribution network.

Revenue for the state's fiscal 2024-25 biennium that began Sept. 1 is projected to exceed the enacted budget by nearly $18.3 billion.

Several states enacted school voucher or tax credit laws this year, while Arizona officials grapple with rising costs in its universal program.

Legacy Cares, which filed for bankruptcy in May, is trying to sell Legacy Park, which was financed with now-defaulted bonds issued in 2020 and 2021.

This comes as the firm shores up its presence in Texas.