Southwest

Facing more budget-balancing challenges in 2011, Colorado will issue $500 million of tax revenue anticipation notes Thursday to smooth cash flows in the coming year.

San Antonio this week plans to price $101 million of airport revenue bonds with an increasingly unusual feature — bond insurance.

A report by two state agencies determined that if Texas withdrew from the Medicaid health care program, it would cost the state $15 billion a year in federal funds.

Houston finance director Michelle Mitchell resigned last week, saying she wanted to re-enter the private sector after four years with the largest city in Texas.

A special legislative committee in Kansas has recommended reconsidering two state pension reform bills next year that failed in the 2010 Legislature.

Citing better-than-expected revenues during the first five months of fiscal 2011, Arkansas Gov. Mike Beebe last week ordered the Department of Finance and Administration to reinstate cost-of-living adjustments, career-service recognitions, and merit pay for state employees.

The city of Surprise will use loans from a number of its accounts to cover shortfalls resulting from the misapplication of $73 million of impact fee revenues.

WASHINGTON — The Internal Revenue Service is auditing $147.5 million of auction-rate securities issued by the New Mexico Hospital Equipment Loan Council on behalf of the nonprofit Presbyterian Healthcare Service in 2004 and refunded in 2008.

DALLAS — The final report on highway financing in Arkansas, delivered to state leaders on Wednesday, recommends asking voters to approve higher taxes to support $1.8 billion of revenue bonds for transportation projects.

DALLAS — Kansas state tax receipts in November failed to meet forecasters’ projections by a slim margin, but still posted a significant gain over year-ago collections.