Southwest

DALLAS — With time working against it, Glendale, Ariz., is seeking a solution to the sale of the Phoenix Coyotes hockey team that might involve a bond issue smaller than the $100 million originally planned.

DALLAS — Texas transportation planning has shifted to the slow lane as state legislators seek record spending cuts and prepare to rewrite the law governing the Texas Transportation Commission.

DALLAS — Texas will not be able to resolve a $4.3 billion revenue shortfall by the end of fiscal 2011 through budget cuts, state Comptroller Susan Combs warned legislators Thursday.

DALLAS — Voters in the Dallas suburb of Frisco will have an opportunity in May to reconsider a September 2002 vote authorizing $19 million of general obligation bonds for a regional arts center.

DALLAS — Colorado’s Regional Transportation District should shelve plans to for a tax-hike referendum this year or risk rejection of additional funds to complete the FasTracks rail projects by 2017, according to an advisory group.

DALLAS — Voters in San Antonio’s North East Independent School District will decide on almost $400 million of general obligation bonds as trustees opted to put the larger of two proposed debt requests on the May ballot.

Austin Mayor Lee Leffingwell said last week that voters will be asked in November 2012 to decide on a bond package that would fund an urban rail system, roads, bike paths, parks, and libraries.

Oklahoma’s highest income-tax rate will drop to 5.25% from 5.5% on Jan. 2, 2012, after the Board of Equalization determined last week that revenues will be 4.4% higher next year than in fiscal 2011.

DALLAS — A new section of the 180-mile, $6 billion toll road that loops around the outer Houston metro area known as the Grand Parkway could break ground this fall after winning approval from the Texas Transportation Commission.

Arkansas voters would be asked to decide on $2.8 billion of state bonds for highway projects under a proposal to be introduced next week by House Speaker Robert Moore Jr.