Southwest

Fiduciary responsibilities and politics are keeping the ESG debate alive in public finance.

Overall state general fund revenue is on track with an October estimate, while the projection for the fiscal 2024-2025 yearend balance faces changes.

The city had set an Aug. 27 election on a proposition to create tax increment financing districts to help finance an arena project.

The $238.8 million of voter-approved debt will end a 12-year drought in new money general obligation issuance by the nation's fifth largest city.

The Phoenix-based school's debt was rated a notch above junk — to BBB-minus by Fitch Ratings ahead of a refinancing of bonds from a 2021 issue.

A revenue bond issue for Galveston Wharves will price Tuesday after Hurricane Beryl interrupted port operations earlier this week.

The plan would raise about $100 million a year to create and preserve affordable housing.

S&P Global Ratings revised the outlook on the city's AA rating to negative from stable, citing increased debt and costs from a settlement with firefighters.

The system, along with UT Southwestern Medical Center, plan to build a $5 billion pediatric health campus in Dallas.

Laws enacted in Arkansas and Kansas will reduce income tax revenue by hundreds of millions of dollars in fiscal 2025.