Southwest

DALLAS — The Oklahoma Senate adopted a 10-year phaseout of the state's personal income tax Monday that could reduce revenues by more than $4 billion over the next four fiscal years.

DALLAS — As Texas' fastest-growing county, Williamson County, north of Austin, has seen its debt rise rapidly to keep up with demand for roads, parks and services.

DALLAS — Two Arizona cities will have to find revenue to cover Major League Baseball's spring training facilities improvements because Arizona Sports and Tourism Authority subsidies will fall $165 million short of expectations, officials say.

DALLAS — As springtime rains replenish depleted reservoirs, the Texas Water Development Board is going back to the well for $137 million of general obligation bonds to finance loans to local utilities.

Texas sales tax revenues exceeded $2 billion again in February, Comptroller Susan Combs said last week.

February tax revenues of $810 million were $107.4 million more than expected and the 24th time in a row that Oklahoma revenues have been on the increase, Treasurer Ken Miller said last week.

New Mexico Gov. Susana Martinez used the line-item veto to strike nearly 200 local projects from the state’s capital outlay program.

A 10-year-old economic development initiative will expire with the end of fiscal 2012 on June 30 unless the Kansas Legislature extends the sales tax revenue bond program.

The Wichita, Kan., City Council last week adopted a 10-year, $2.4 billion capital improvement plan that will be financed in part with $304 million of general obligation bonds.

DALLAS — The Texas Department of Transportation plans on leveraging up to $2 billion more than expected over the next two years after reassessing federal revenues and construction costs, officials said.