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Arizona State University will begin a major remodeling of its 56-year-old Sun Devil Stadium this spring, financed in part by a $356 million bond deal coming to market Feb. 24.
February 2 -
Standard & Poor's lowered the outlook on Arizona State University's AA rating based on prospects for increased debt issuance over the next two years, the agency said.
January 26 - Arizona
In his first state-of-the-state address Gov. Doug Ducey promised to work with legislators to cover a $1 billion budget deficit but said he was "not persuaded by appeals to raise taxes so we can spend more."
January 14 - Arizona
Standard & Poor's has revised its outlook to stable from negative on Glendale, Ariz.'s BBB-plus credit general obligation rating as the Phoenix suburb prepares to issue $294 million of refunding bonds.
January 12 -
Thirty-six Republican Arizona legislators should be allowed to challenge the constitutionality of a measure to expand Medicaid eligibility even though it won legislative approval, the state Supreme Court ruled.
January 5 - California
Agencies in Arizona, California and Nevada are expected to agree on reduced consumption of water from Lake Mead as a 14-year drought continues to lower the reservoir toward a level that requires federal restrictions.
December 8 - Arizona
Phoenix plans to raise $155.2 million for new water projects and lower the interest cost on outstanding debt with a combined $610 million issue.
December 1 -
Pinal County, Ariz. disclosed that it may settle with the Internal Revenue Service to favorably conclude an audit of 2004 Certificates of Participation whose proceeds were used for detention facilities, though the county said it believes there are no tax problems with the COPs.
December 1 - Arizona
Arizona has seen seven straight months of revenue running below forecast, according to legislative budget analysts.
December 1 -
The Arizona Transportation Board will enter rush-hour traffic to the refunding market this week with a $457 million issue expected to bring net present value savings of better than 5%.
November 17