Southwest

DALLAS - Texas' chief revenue estimator told lawmakers Wednesday that revenues probably will not climb much this fiscal year, dimming hopes of avoiding another budget shortfall in two years.

DALLAS - Dallas Area Rapid Transit plans a 16% increase in debt service as it continues to expand its light-rail system under the fiscal 2012 budget that begins Saturday.

DALLAS - More than 100 school districts in Texas have passed board resolutions to join a promised legal challenge seeking to reconfigure the state's system for financing public education.

DALLAS - The Oklahoma Turnpike Authority will reduce its exposure to the vagaries of variable-rate debt and cut its debt service costs with next week's negotiated sale of $521.7 million of revenue refunding bonds.

DALLAS - The Arizona Transportation Board is scheduled to sell $164.5 million of excise tax revenue bonds in a competitive deal Tuesday.

The Utah Board of Regents last week voted to construct the first building on Utah State University’s Brigham City campus in a $15 million deal to be shared with the city.

Standard & Poor’s on Thursday lowered the outlook on Weslaco’s BBB-plus-rated general obligation debt to negative from stable.

BNSF Railroad plans to create a multi-modal logistics center at a New Mexico site known as Rancho Cielo that will include distribution, warehousing and manufacturing facilities, BNSF said at a public meeting in Belen last week.

Colorado Springs is remarketing $66 million of variable-rate utility refunding revenue bonds with a new liquidity provider, effective Tuesday.

Arizona school districts may not use leftover bond money on projects that were not specifically approved by voters, a Maricopa County Superior Court judge has ruled.