Bloomberg News

U.S. Cities and States Ask Voters for $5.41 Billion of Debt

October 13, 2011

(Adds Texas bond question starting in third paragraph.)

Oct. 13 (Bloomberg) -- U.S. cities and states will ask voters for $5.41 billion of new bonding authority on Nov. 8, according to data from Ipreo.

Arkansas, which is seeking authority for $575 million for highway construction, leads issuers on Ipreo’s list, followed by San Mateo Community College in California and San Francisco’s public school district, according to data from New York-based Ipreo, which provides capital-market data and analytical services.

The total will grow next week because Ipreo said it plans to add a Texas authorization for $6 billion of bonds to make loans to local units of government for water projects.

--Editor: Mark Schoifet

To contact the reporter on this story: Darrell Preston in Dallas at dpreston@bloomberg.net

To contact the editor responsible for this story: Mark Schoifet at mschoifet@bloomberg.net


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