Southwest

A group of parents in Johnson County Unified School District 512 has filed a federal suit asking that the local district be allowed to raise the property tax levy.

The Pulaski County Special School District could build as many as five new schools and renovate two others with proceeds from a proposed $181 million bond program outlined last week by superintendent Charles Hopson.

DALLAS — When the Texas Legislature convenes in January, the top priority is expected to be the estimated $25 billion budget shortfall and ongoing problems with education funding.

DALLAS — The Texas attorney general’s office filed papers in a Dallas County state district court Wednesday rejecting the effort by Irving to divert state taxes to support city bonds for a $250 million entertainment complex in the Dallas suburb.

Glendale, Ariz., will issue up to $125 million of excise tax revenue bonds under a lease agreement designed to keep the Phoenix Coyotes hockey team playing in the city-owned Jobing.com arena.

Trustees of the Austin Community College District were expected on Tuesday night to approve a truncated sale of $33.5 million of Build America Bonds to build a campus that will serve a new area that joined the district in November.

The Metropolitan Transit Authority of Harris County is restructuring its management in the wake of a funding controversy involving light-rail expansion in the Houston area.

DALLAS — Just seven weeks after voters approved a record $515 million bond package, the San Antonio Independent School District is ready to price the first $150 million Tuesday.

The Internal Revenue Service is auditing $117.45 million of variable-rate demand utilities system subordinate-lien refunding revenue bonds that were issued in 2004 by Colorado Springs, Colo., for Colorado Springs Utilities to refund some 1994 bonds.

DALLAS — Top Texas leaders have asked state agencies to cut their fiscal 2011 budgets by 2.5% due to lower-than-expected revenue during the first year of the state’s current two-year budget cycle.