News
Judge orders Arizona to fix school facilities funding system
3+ hour, 41+ min ago (416+ words) The Arizona Legislature must enact a constitutional financing system that enables public schools to construct and maintain facilities that meet an adequate standard, a state judge ordered this week. Maricopa County Superior Court Judge Dewain Fox issued a final judgment…...
New Mexico county OKs $165 billion of bonds for data center
5+ mon, 2+ week ago (551+ words) A big data center development received approval on Friday from a New Mexico county for $165 billion of industrial revenue bonds that will serve as a vehicle to obtain tax breaks." The taxable debt issued by Do'a Ana County for the…...
Data center boom raises concerns over power and water demand
5+ mon, 2+ week ago (1303+ words) A recent fracas in Tucson, Arizona, underscores increasing concerns about the fast-growing data center sector's impact on essential water and power resources. The Tucson City Council last month ended annexation efforts and negotiations for a $3.6 billion data center development " dubbed…...
Judge finds Arizona school facilities funding system is unconstitutional
6+ mon, 3+ week ago (520+ words) Arizona's system for funding public school facilities is unconstitutional, a judge ruled in a lawsuit that spotlighted districts' unequal access to local property taxes and bonds. In a decision released on Wednesday, Maricopa County Superior Court Judge Dewain Fox concluded…...
Arizona meets budget deadline with late-session deal
7+ mon, 4+ week ago (1113+ words) Arizona wrapped up its legislative session in late June with a last-minute budget deal, a fix for a school funding shortfall, and a plan to renovate a professional sports stadium." Just days before the July 1 start of fiscal 2026, the Republican-controlled…...
Federal agency rescinds fine against Grand Canyon University
9+ mon, 2+ week ago (453+ words) 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…...
Federal policy may mean tough choices for states
10+ mon, 3+ week ago (718+ words) Federal policy threatens to send fiscal pain raining down on states, and experts say that could mean some tough choices ahead." President Donald Trump's administration and Congress have indicated their intent to cut federal funding for health care, food assistance,…...
Lots of red flags for failed Arizona sports park charged with investor fraud, say bond buyers
11+ mon, 4+ day ago (1000+ words) Caitlin Devitt has covered the municipal bond market since 2008. She began her journalism career at the Herald Newspapers on the South Side of Chicago, starting as a reporter and rising to Managing Editor. While at The Bond Buyer, she covered…...