Texas Transportation Commission Issues $615 Million in Highway Improvement Bonds
Featured Municipal Bond in the Market, Week of 04/18/2016
The Texas Transportation Commission is scheduled to issue a $615 million bond, backed by the full faith and credit of the State of Texas, the week of April 18, 2016. The Commission has issued and preliminary official statement, stating the reason of financing to be reimbursement of payment to the State Highway Fund for the costs of highway improvement projects, and the costs of administration. The State of Texas has a current unemployment rate (February 2016) of 4.3%, 0.7% less than the U.S. unemployment rate. More demographic information on the State of Texas, as well as a link to the state’s official website, can be found here.
Provided at left is a quick snapshot of financial characteristics of the State of Texas, courtesy of Merritt Research Services, LLC. (Merritt believes the data to be reliable but does not make any representations as to its accuracy or completeness). In addition, more information can be found on our municipal bond calendar, city, state, and county pages, and our employment database. These facts and numbers are for informational purposes, and should not be considered an official disclosure for potential investors. Investors should consult the official statement.