Texas will kick-start its fiscal year with an $8 billion note deal

bondbuyer.com - 08-12

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Texas will issue $8 billion of tax revenue anticipation notes next week as it prepares for the beginning of its fiscal year Sept. 1 under a record budget. The sale scheduled for Sept. 21 will be the largest since 2012 when the state issued $9.8 billion for the second year in a row.