Southwest

With Texas reporting a double-digit revenue increase in fiscal 2022 and projecting a record budget surplus, Gov. Greg Abbott wants a large property tax cut.

The Oklahoma Turnpike Authority has asked the state Supreme Court to validate bonds that would commence funding for a $5 billion, 15-year extension project.

Tollway revenue in the first half of 2022 surpassed pre-pandemic 2019 levels in five of the months.

Some Texas lawmakers are pushing legislation that could ensnare muni investment banks offering company funded access to out-of-state abortions for employees.

The "after-action" report concluded that the Great Hall project would have been better served with a more traditional finance and contracting approach.

UBS was the only bank that underwrites municipal bonds on the list of 10 financial companies determined to be boycotting energy businesses under a Texas law aimed at protecting the state's oil and natural gas industry.

UBS was the only municipal bond underwriter included on the Texas comptroller's list of 10 financial companies determined to be boycotting energy businesses.

UBS' placement on the Texas comptroller's list of fossil fuel industry "boycotters" could jeopardize its role in a natural gas utility securitization bond sale.

The Texas Permanent School Fund's bond guarantee program, capped at $117.32 billion under federal law, reported projected available capacity was only about $3.9 billion as of June 30.

Kansas Gas Service is the third division of Tulsa-based ONE Gas, Inc., to participate in a state-sanctioned securitization related to Winter Storm Uri.