Southwest

DALLAS — Texas cannot resolve its $23 billion revenue shortfall without a revision to an underperforming business tax, Senate Finance Committee chairman Steve Ogden said Tuesday.

DALLAS — The Texas Senate’s chief budget writer said Monday there is little enthusiasm among his colleagues for the $164.5 billion, two-year budget the House passed late Sunday.

DALLAS — As part one of a two-part transaction, Denver Public Schools on Tuesday issued $400 million of certificates of participation designed to lower the cost of a controversial 2008 floating-rate deal that funded the teachers pension program.

DALLAS — Amid ambitious expansion plans, Denver International Airport will price up to $400 million of refunding revenue bonds on Thursday.

DALLAS — Arizona Gov. Jan ­Brewer is considering an $8.3 billion budget that she negotiated with the Republican-controlled Legislature despite misgivings about some of the $1.1 billion in spending cuts.

DALLAS — In the largest deal of the year from Texas, the North Texas Tollway Authority will issue more than $1 billion of debt this week, carrying its highest credit rating in three years.

DALLAS — The Texas House balanced the current biennial budget on Thursday with $3.1 billion from the $9.4 billion rainy-day fund and $853.6 million of spending cuts for state agencies and higher education.

DALLAS — Texas would need $315 billion in additional revenue to keep up with growing demand for roads and maintenance of existing infrastructure through 2030, but sources of revenue are drying up rapidly, according to the latest reports.

DALLAS — Proponents of expanded gambling in Texas told lawmakers Tuesday that casino gambling and slot machines at existing horse tracks could generate more than $1 billion a year in state taxes.

DALLAS — A political fundraising scandal, including efforts to influence construction of the bond-financed University of Phoenix National Football League stadium, could cost Arizona’s Fiesta Bowl its nonprofit status and its ranking as one of the top four collegiate Bowl Championship Series games, according to an investigative report.