Southwest

DALLAS — Oklahoma lawmakers have approved five competing measures cutting the state income tax that must be reconciled before the fiscal 2013 budget can be developed.

DALLAS — Moody's Investors Service has declared the acquisition of the Bexar Metropolitan Water District by the larger San Antonio Water System a credit positive event for both utilities.

DALLAS - Former New Mexico investment officer Gary Bland is seeking $1.25 million from the State Investment Council in a lawsuit that claims he was damaged by claims of corruption.

DALLAS — Voters in Little Rock approved a renewal of a bond program Tuesday that will provide the Central Arkansas Library System with up to $24 million of new money for new and expanded facilities.

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.