General obligation bonds

Revenue from the 0.4% tax would be earmarked for debt service and operating funding for a jail to replace the county's troubled detention facility.

The Texas city plans to bring general obligation bonds, certificates of obligation and tax notes to market later this month.

The Texas city's general obligation rating was lifted to Aa2 with a stable outlook from Aa3 based on "meaningful" moves taken in its fiscal 2027 budget.

School districts face competition from a state-funded voucher program and financial challenges that in some cases have led to negative rating actions.

The city's issuer rating was raised a notch to Aaa and ratings for other debt, including for its water and wastewater utility system, were also upgraded.

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 outlook revision to stable from negative follows the city's adoption of a fiscal 2027 budget with structural changes that greatly reduced a shortfall.

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 nearly $18.3 billion fiscal 2027 budget signed by the governor this month provides $1.4 billion in tax cuts over four years.

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

Hays County prevailed in its appeal of a district court ruling affecting nearly $440 million of general obligation bonds voters approved in 2024.

S&P lifted Graham's general obligation bond and certificates of obligation rating to A from BBB due to the city's earlier-than-projected financial turnaround.

A convention center, a wastewater treatment plant expansion, and a light rail system are among projects in the city that include bond financing.

Actions this legislative session include a ballot measure to tighten caps on property assessment growth and allowing bond issuance for charter schools.

The $762.4 million revenue bond deal will help finance a 750,000-square-foot arena to be named the Continental Coliseum, where the NBA's Thunder will play.

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.

The biggest-ever bond referendum in Texas was passed Saturday for Dallas schools, while voters in only one city chose to leave Dallas Area Rapid Transit.

Debt requests are escalating as the Lone Star State accommodates a growing population and addresses aging infrastructure.

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

Capital needs and state actions were on the minds of two top local government officials at The Bond Buyer's Public Finance Conference in Austin.