Southwest

DALLAS — The Wichita, Kan., City Council began the process Tuesday that could result in $50 million of sales tax and revenue bonds for a multi-sport amateur athletic complex in the city.

DALLAS — Two years after Arizona mortgaged state buildings to cover operating costs, the Legislature opened Monday with hopes of paying down that debt.

Colorado will take bids on $230 million of education-tax revenue anticipation notes Tuesday as the legislature prepares to consider a steadily improving economy and unresolved litigation over school funding.

Last week’s report from Oklahoma’s Task Force on Comprehensive Tax Reform said the state’s top personal income tax should be cut by 0.5% over the next two years from a ceiling of 5.25% in 2012 to 4.75% by 2014.

A Kansas City developer Tuesday will present the Wichita City Council with a plan for $50 million of bonds for a large indoor sports field house as part of a larger project in northeast Wichita.

Trustees of the Sedgwick County Unified School District 260 have called an election on April 3 for bonds to finance system-wide upgrades.

Arkansas tax collections totaled $481.3 million in December, the highest amount for any December and an increase of almost 10% from December 2010.

Voters in Little Rock will decide March 13 on a revenue bond issue for up to $32 million to expand the Central Arkansas Library System.

Primary market volume for the week appears to be less than some in the industry expected following last week's paltry pickings. But this should be positive for pricing and involve less need to unload paper.

Oklahoma tax collections could reach pre-recession levels by mid-2012, Treasurer Ken Miller said Wednesday, as the state economy builds on gains achieved in 2011. "We saw a quickened pace of the recovery for 2011," he said.