Southwest

DALLAS — Tempe lost its Aaa rating from Moody’s Investors Service Tuesday due to falling revenues and the ongoing economic decline that has forced Arizona state and local governments to cut spending.

DALLAS — Former Houston Mayor Bill White, who is challenging Texas Gov. Rick Perry for the state’s top post, said Tuesday that appointees to the Teachers Retirement System of Texas improperly funneled investments toward the incumbent’s political contributors.

DALLAS — The battle lines are being drawn in Austin over the capital city’s request for $90 million of general obligation bonds for transportation as opponents ramp up efforts to defeat the proposition on Nov. 2.

DALLAS — The University of Colorado Board of Regents enjoyed a good market response Tuesday to a $95 million issue that included taxable and tax-exempt debt, said associate treasurer David Solin.

DALLAS — The Lower Colorado River Authority in Central Texas anticipates savings of about 10% when it goes to market with $400 million of refunding revenue bonds Wednesday.

DALLAS — Even with ratings at the low end of investment grade, Colorado’s E-470 Public Highway Authority sees an opportunity for favorable interest rates on a $105 million toll revenue bond refunding this week.

When the doors of Crews & Associates Inc. first opened in 1979, seven founding partners sat in a small office in Little Rock, Ark., discussing how they could drum up municipal bond business and make a name for the company locally.

DALLAS — Higher-than-expected general fund collections in September pushed Oklahoma revenues 4% past the official estimate for the first quarter of fiscal 2011 and 6.8% higher than the first three months of fiscal 2010.

DALLAS — In the last quarter of this year, Arizona cities will face lasting decisions on how much they value sports franchises in a struggling economy.

DALLAS — Opponents of a Dallas suburb’s plan to issue $200 million of revenue bonds for an entertainment complex have appealed a judge’s order to post a $10 million bond to continue the case.