For the second time in a year, the Texas city's elected officials voted against moving forward with the Inner Harbor project to boost long-term water supply.

Thursday's move marks another formal step back from a water supply crisis that has negatively impacted the city's bond ratings. 

SFPUC's head would like rating agencies to consider what issuers are doing well regarding climate risk as well as where they fall short.

The city moved to a less-restrictive Stage 2 drought status for water use in another sign after recent rain that a water supply emergency is no longer imminent.

The rating agency confirmed the Texas city's A1 bond ratings, ending a review for potential downgrade spurred by an impending water supply crisis.

The potential timing for a water supply emergency, which had been projected for December, was pushed nine months into the future with the help of rainfall.

The Texas city's $115 million general obligation bond sale comes as a water supply emergency and potential further negative rating actions loom.

While the city projects a water emergency, capital costs in the state's latest water plan skyrocket and demand exceeds capacity in a state financing program.

A federal appeals court panel stayed a lower court decision that found the 2021 state law to be unconstitutional.

The Texas city's projected Level 1 emergency — indicating water supply is 180 days from not meeting demand — was moved to December from September.

The Texas city, which has been hit with rating downgrades due to a looming water supply crisis, plans to sell up to $728 million of bonds.

Fitch, Moody's, and S&P were sent a letter from 23 GOP state attorneys general over the use of ESG factors related to fossil fuel in negative rating actions.

The Texas city's latest projection for the onset of a Level 1 emergency comes as water woes spurred rating downgrades and negative outlooks since last fall.

The rating agency's previous review of the Texas city resulted in downgrades in December over increased credit risk due to water supply woes.

The Texas city is facing a potential level 1 emergency, indicating the water system is 180 days from supply not meeting demand.

The state Supreme Court's decision did not address the 2022 law's governmental contract ban for businesses deemed to be "boycotting" the fossil fuel industry.

The drought-stricken Texas city could face a water emergency as soon as May or October under scenarios presented to the city council.

A lawsuit claims Texas Acting Comptroller Kelly Hancock illegally removed minority- and women-owned firms from a program created by the state legislature.

The drought-stricken Texas city welcomed the president's support for "a serious money ask" as it revisits a costly seawater desalination project.

The Texas city is reviving a seawater desalination project as it faces a water supply crisis that has impacted its bond ratings.