Karen is a senior reporter covering the Southwest. She has covered the municipal bond market for more than 30 years at The Bond Buyer and Reuters. Prior to that she wrote about futures and options markets for magazines and was an award-winning reporter for a suburban Chicago newspaper chain.
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Revenue for the state's fiscal 2024-25 biennium that began Sept. 1 is projected to exceed the enacted budget by nearly $18.3 billion.
By Karen PierogOctober 5 -
Several states enacted school voucher or tax credit laws this year, while Arizona officials grapple with rising costs in its universal program.
By Karen PierogOctober 5 -
Legacy Cares, which filed for bankruptcy in May, is trying to sell Legacy Park, which was financed with now-defaulted bonds issued in 2020 and 2021.
By Karen PierogOctober 4 -
Escalating operating losses led to bond rating downgrades for Wise Health System ahead of its potential acquisition this quarter.
By Karen PierogOctober 3 -
City voters will decide Dec. 12 on a proposed one cent, six-year sales tax to fund an at least $900 million arena for the NBA's Oklahoma City Thunder.
By Karen PierogOctober 2 -
The city plans to refund the privately placed special tax revenue obligations with long-term bonds in 2024.
By Karen PierogSeptember 28 -
Final state approval of the debt was conditioned on the resolution of a petition to the Oklahoma Supreme Court to revisit its Aug. 1 validation of the debt.
By Karen PierogSeptember 27 -
The state's Water Infrastructure Finance Authority is "strongly considering" the use of bonds as it seeks ideas on augmenting water supplies.
By Karen PierogSeptember 26 -
Kevin Stitt ordered a special session to put the state on a path to zero income taxes and consider a proposal sparked by a dispute over Native American taxation.
By Karen PierogSeptember 25 -
Bond trustee UMB Bank informed owners of the defaulted debt they may have actionable claims related to the bonds' sale.
By Karen PierogSeptember 22