Southwest

In Montana, two school districts and the state government reported that a new state law signed by the governor on May 6 will end the state tax deduction for certain school bonds after 2023 if those bonds are federally taxable.

Lawmakers, buoyed by rising revenue estimates, overrode Gov. Laura Kelly's veto of tax cut legislation.

Arizona and neighboring states are preparing for the first mandatory cuts in water from the Colorado River after 20 years of drought.

“Our net present value savings were $191.5 million or a record-setting 29%," said North Texas Tollway Authority Chief Financial Officer Horatio Porter.

The numbers are driven by record oil and gas production tax collections and increases in sales and income tax payments, State Treasurer Randy McDaniel said.

The measure expands opportunity for lower-income students and broadens geographical reach of college, backers say.

With help from a flood of federal funding, Colorado lawmakers were able to restore funds lost in the pandemic.

A year after the pandemic struck the nation's economy, Texas sales tax collections hit an all-time record for April.

The chief opponent of the measure is the Arizona Board of Regents that governs the state’s three public universities.

The $8.5 billion on the ballots included $6.5 billion for schools, $1.6 billion for cities, $319 million for counties and $139 million for community colleges.