Southwest

Little Rock lawyer Sheffield Nelson has filed a revision with the secretary of state’s office to his proposal that would amend the Arkansas constitution and increase the state severance tax on natural gas to help fund maintenance of city, county and state roads.

Proponents of a plan to limit increases in Arizona state and local property tax levies have filed paperwork with the secretary of state’s office for a third try at a statewide vote. Similar initiative attempts failed in 2008 and 2010.

DALLAS - The Austin City Council has paved the way for promoters of a Formula One race to receive $25 million per year from the Texas comptroller's office over the next decade, but a lawsuit challenging the legality of the state subsidy still stands in the way.

DALLAS - Texas lawmakers on Tuesday approved the financial bill necessary to balance the state's two-year, $172.3 billion budget, but not before almost forcing a second special session.

DALLAS — The Oklahoma Supreme Court declined Monday to hear arguments in a lawsuit contending that the use of $101.7 million of highway tax revenues to balance the state’s fiscal 2012 budget was unconstitutional.

DALLAS — Facing 22 more years of debt service on its Jobing.com Arena, Glendale, Ariz., is seeking a new strategy to keep the Phoenix Coyotes playing in the $180 million venue after a deal to sell the hockey team fell through.

The Crystal City, Tex., Public Facilities Corp. has received an adverse tax determination notice from the Internal Revenue Service for $14 million of bonds issued in 2003 for a prison.

DALLAS — With a $1 billion renovation of George Bush Intercontinental Airport in the works, the Houston Airport System will seek interest-rate savings in a $424 million refunding deal expected to price in mid-July.

The New Mexico Supreme Court ruled last week that Gov. Susana Martinez went beyond her constitutional powers by using her line-item veto authority to reduce appropriations for a housing program to $50,000 from the legislatively approved $150,000.

Wichita's Mid-Continent Airport will see $200 million of new facilities under a facilities proposal approved last week after a nine-month hiatus.