Southwest

Approval by Doña Ana County of $165 billion of industrial revenue bonds for a massive data center project is being challenged in state court.

Voters will decide the fate of 447 bond propositions totaling a record $83.7 billion with development-related districts accounting for most of the debt.

The approval of $650 million of revenue bonds comes in the wake of a recently filed petition seeking to subject the project to voter approval or delay.

The city is gearing up to sell $252 million of general obligation bonds this year and $1.5 billion of revenue bonds in 2026 for a convention center project.

Cities are responding to a state directive to remove symbols on crosswalks and other so-called distractions or risk losing state and federal funding.

The case challenges Oklahoma's authority to collect income taxes from Native Americans who live and work on tribal reservations.

The city plans a competitive general obligation bond sale, as well as a sales tax revenue bond issue to help finance a professional basketball arena next year.

The city council took action to keep the property tax rate unchanged, a move that could punch a $53 million hole in the fiscal 2026 budget and drain reserves.

A six-notch downgrade gives the financially troubled city a non-investment grade rating of BB-plus with a negative outlook.

The state is gearing up to grow its space industry as the federal government starts allowing tax-exempt private activity bond financing for spaceports.