Southwest

DALLAS — Colorado voters could slam the door on public borrowing when they go to the polls in November, a possibility that has the bond community and government officials preparing for a worst-case scenario.

DALLAS — Arizona’s drastic $1.1 billion of budget cuts approved last week could grow by nearly $1 billion if voters do not approve a temporary sales tax increase in May and refuse to repeal ballot initiatives from previous years.

DALLAS — Houston’s Metropolitan Transit Authority said it plans to issue $2.6 billion of bonds to finance five new light-rail lines, even though voters only authorized a quarter of that amount.

DALLAS — Oklahoma tax revenue in February exceeded the official forecast for the first time since December 2008, with better-than-expected collections from personal income and energy production taxes.

DALLAS — After years of battling opposition to a $1.8 billion toll road proposal on the Trinity River near downtown, ­Dallas is facing another financial challenge to the star-crossed project.

DALLAS — Texas lawmakers will be facing a revenue shortfall of at least $11 billion when they develop the next two-year budget in 2011.

DALLAS — Moody’s Investors Service has shifted its outlook on Dallas’ Aa1 rating to negative based on the city’s weakening economy and narrowing budget reserves, the agency said.

DALLAS — CPS Energy of San Antonio tomorrow will price up to $380 million of Build America Bonds for capital projects, including a new coal plant that is nearing completion.

DALLAS — With higher education at the center of Arizona’s debate over how to revive its struggling economy, two of its major state universities will issue $237 million of revenue bonds to upgrade their flagship campuses.

DALLAS — UBS Securities will repurchase up to $200 million of auction-rate securities from investors across the country not covered in investment bank’s initial agreement with state and federal regulators, according to the Texas State Securities Board.