Southwest

This week’s sale of $55 million of 20-year revenue bonds by Kansas Development Finance Authority is expected to be the last debt issued for renovation of the Kansas state capitol in Topeka.

North Little Rock voters last week turned down Mayor Patrick Hays’ proposals to increase the sales tax rate by 1% to provide more funds for operations and capital improvements.

A constitutional amendment to extend a $575 million Garvee road bond program won by a sizeable majority in all 75 Arkansas counties in last week’s special election.

Texas voters approved nearly $1.5 billion, or 83%, of the $1.8 billion in local school bond authorization requested Tuesday, but barely half of the 29 local districts were successful, according to updated results.

DALLAS - After issuing $1.3 billion of revenue bonds under its new special projects lien, the North Texas Tollway Authority has maintained its critical A-level ratings on its first-tier main system revenue bonds.

DALLAS - Garland County, Ark., will build a new jail in Hot Springs with proceeds from $42 million of sales tax bonds going to market next week.

Oklahoma County Independent School District 12 will renovate buildings and build a new elementary school if voters today approve a $33.5 million general obligation bond measure.

Kansas’s official Consensus Revenue Estimating Group adopted a revised forecast last week that raised expectations for collections in fiscal 2012 by $199 million. The increase to $6.25 billion is up 11% from fiscal 2011 collections.

State receipts in October were $4 million less than expected, but the sag was caused by a large, unexpected income tax refund from previous years, the Kansas Department of Revenue said last week.

General revenue collections in October of $457.5 million were $23.4 million more than in October 2010, but Arkansas’ chief financial officer said the state’s economy is recovering slowly.