The Texas city, which is a regional water supplier, is turning to several sources to boost dwindling water supplies amid an ongoing drought.

A review Moody's launched in September ended with rating downgrades and negative outlooks for the city's outstanding general obligation and revenue bonds.

After terminating the project in September, the council approved an initial deal with a new contractor team to develop design and construction options.

The Texas city could revisit plans for a desalination project to boost its dwindling water supply with the city council scheduled to consider it next week.

Concerns over the Texas city's future water supply after a desalination project was terminated, led to negative rating outlooks from Fitch and S&P.

The rating agency's review was triggered by the city's move to effectively end plans for a seawater desalination project that has $235 million of bonds outstanding.

This year's portfolio growth will save the city $2.18 billion over the next five years, Comptroller Brad Lander said.

Moody's cited continued liquidity improvements in the ratings lift for the northern California clean energy aggregator.

An academic paper presented at the Brookings Institute's annual conference found that future wildfire risks are already having economically significant impacts on financial markets, municipal borrowing costs and vulnerable communities.

The Rhode Island Infrastructure Bank has issued a billion dollars of debt to promote clean water. 

Once considered as a promising prospect for investors, "green" bonds have been plagued by defaults, a concern for those who study the underlying technologies.

Kelly Hancock resigned his state senate seat and assumed a position that will make him acting comptroller after current Comptroller Glenn Hegar leaves office.

Tom Kozlik said he was particularly concerned about the impact of a scaled-back FEMA on issuers in the Southeast.

As Congress grinds through the budget reconciliation, fixed income market experts are eyeballing an uncontrolled national debt while dreading a heavy-handed response from the Treasury bond market.

BlackRock Inc. was removed from Texas' blacklist of companies that "boycott" fossil fuels, ending a three-year standoff over the firm's environmental policies.

The $44 million of unrated bonds, placed only with qualified investors, feature 9.5% coupons.

The high court reversed a lower-court ruling that yanked federal approval for the Uinta Basin Railway; backers hope to finance it with private activity bonds.

The law prohibits state and local government contracts worth $100,000 or more with companies that "discriminate" against the firearm industry.

State lawmakers gave final approval to a bill that bans state and local government contracts with companies that "discriminate" against the firearm industry.

Accusations are flying between the Republican state treasurer and attorney general, adding fuel to a battle that started last year.