Southwest

DALLAS — The chief financial officer of Dallas Area Rapid Transit said Monday that he is unconcerned by the effect of a downgrade by one of the major rating agencies on the upcoming sale of $825 million of revenue bonds supported by anemic sales tax income.

DALLAS — After years of struggling to keep up with a rapidly growing state population, the Arizona School Facilities Board goes to market this week with $100 million of certificates of participation and something entirely new — school enrollments that appear to be leveling off.

DALLAS — Dallas Area Rapid Transit lost its AAA rating from Standard & Poor’s Friday as analysts assigned DART’s upcoming $825 million bond deal a AA-plus.

DALLAS — Utah officials are facing questions about their role in a $13 million settlement with a losing bidder on the expansion of the Interstate 15 freeway in Salt Lake County, which will be funded with a record $1.25 billion bond issue next week.

DALLAS — Dallas Area Rapid Transit will issue $825 million of bonds supported by sales tax and farebox revenue next week under a resolution adopted Tuesday by the DART finance committee.

DALLAS — Michael Cheroutes, a Denver attorney and expert in public finance, will guide Colorado’s search for new highway funding mechanisms as the first director of its High Performance Transportation Enterprise agency.

DALLAS — Harris County, Tex., is bringing $140 million of toll road refunding bonds to a market that appears ready to reward issuers bearing strong credit ratings.

DALLAS — Utah, one of the most fiscally fit states in the mountain West, expects to price the largest issue in its history next week — a $1.25 billion deal that will combine taxable Build America Bonds with tax-exempt debt.

DALLAS — The University of Texas System is preparing to price $631 million of taxable and tax-exempt bonds Tuesday, including $430 million for a new UT Southwestern Medical School hospital in Dallas.

DALLAS — Texas sales tax revenues in fiscal 2010 were $1.5 billion less than expected in the official forecast, putting in doubt the projections for collections of $44.3 billion over the two-year state budget cycle.