Texas
Texas’ anti-ESG stance is costing municipalities millions in extra interest payments
In 2021, the Texas legislature prohibited any cities or cities within the state from utilizing banks that restrict financing for the oil, gasoline, or gun industries. Because of this, 5 main municipal bond underwriters, representing greater than 1 / 4 of all competitive-bid municipal bond gives in Texas, withdrew from the state.
That meant municipalities issuing bonds have been extra more likely to interact in negotiated borrowing somewhat than holding a bid public sale—which additionally meant they obtained costlier financing. For municipalities that had relied on the underwriters that left the state, borrowing prices went up by a mean of 0.41 share factors, researchers have discovered (pdf).
In accordance with Daniel Garrett on the College of Pennsylvania’s Wharton College and Ivan Ivanov of the Federal Reserve Financial institution of Chicago, Texas municipalities can be paying $300 million to $500 million in further curiosity due to the more durable mortgage phrases. And that’s simply on the $31.8 billion borrowed within the first eight months after the anti-ESG regulation went into have an effect on.
The calculations, printed by the Brookings Establishment, relaxation on three elements:
🏦 A negotiated sale of a bond prices barely greater than a aggressive sale of a bond on common
🤝 The bonds can be bought to buyers by way of a bigger variety of small trades, which suggests there can be extra intermediaries taking a minimize of every transaction
🎩 With fewer underwriters available in the market, the remaining underwriters can create monopoly energy and lift the price of financing
Most banks will not be abandoning their ESG targets
It wasn’t apparent that banks would retreat from Texas after the anti-ESG regulation, Garret advised Quartz. Certainly, a number of the banks that Texas had focused got here again into the market in Might 2022, at the least in a restricted manner, for causes that aren’t solely clear to the researchers.
“The state is likely to be altering the way it’s implementing the rule,” Garret mentioned. “[Or] the banks may very well be altering their conduct in some circumstances, to be in compliance. A 3rd factor that may very well be occurring is that the banks left as a result of they have been unsure about how the rule could be enforced after which enforcement turned clear.”
Both manner, the researchers concluded that the banks worth their ESG targets greater than public finance offers.
“Thus, even in states with traditionally aggressive public finance markets, the lack of competitors from anti-ESG legal guidelines and the ensuing hostile impact on borrowing prices could also be vital,” the researchers wrote.
Texas
Quinn Ewers injury update: Texas QB’s status for Mississippi State
Texas quarterback Quinn Ewers is not expected to play in the Longhorns’ SEC debut game against Mississippi State on Saturday as he recovers from an abdominal injury, ESPN’s Pete Thamel revealed.
Arch Manning will make his second career start for No. 1 Texas against the Bulldogs today.
Ewers was listed as questionable on the Texas football availability report, indicating that he had a 50 percent chance to play in the game, according to the SEC’s terminology.
But the expectation is that Texas will allow Ewers this week and the team’s open weekend coming up before the Oklahoma game on Oct. 12 to fully recover from the ailment.
Ewers sustained the injury in the second quarter of the Longhorns’ victory against UTSA on Sept. 14, retiring to the sideline and then the locker room for evaluation before returning to the sideline wearing street clothes.
Ewers was able to practice with the team on Tuesday, but was limited by coaches on Wednesday and then again on Thursday, as the team placed more emphasis on giving him rest.
Manning played in relief of Ewers in the UTSA game, and made his first career start the following week with Ewers sidelined, leading Texas to a win over UL Monroe.
Ewers has dealt with some nagging injuries during his collegiate career, missing time briefly in the 2022 and 2023 seasons before the abdominal issue this year.
In three games this season, Ewers has completed 73.4 percent of his passes for 691 yards and eight touchdowns.
More … Texas vs. Mississippi State score prediction by expert football model
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Texas
Top Dallas-area performers in Texas high school football, Week 5
Below you’ll find the top performances in rushing, receiving and passing from Dallas-area Texas high school football players in Week 5.
Rushing
Player, School, Yards
Allijah Harrison, Carrollton Newman Smith, 296
Greg Ard, McKinney North, 291
Christian Rhodes, Lake Highlands, 216
Jermirion Robertson, Lincoln, 214
Deondrae Riden Jr, DeSoto, 206
Ryder Grajo, Frisco Independence, 203
JT Harris, Euless Trinity, 201
Damarion Boozer, Carter, 194
Adarion Nettles, Mansfield Summit, 186
Keyzaylan Ware, Samuell, 176
Legend Bey, North Forney, 176
Tenel Hill, Lewisville, 166
Receiving
Player, School, Yards
Brock Boyd, Southlake Carroll, 213
Xavier Johnson, Richland, 208
Carlton Mims, Little Elm, 196
Dilon Tallie, Arlington Bowie, 177
Jordan Mosley, Princeton, 174
Blake Bates, Richardson Pearce, 164
Jett Hamby, Richardson Pearce, 163
Will Krzysiak, Argyle, 155
Ayson Theus, Duncanville, 153
Ja’Quavius Pipkin, Lancaster, 150
Jayden Beasley, Prosper, 143
Julius Spencer, Garland Lakeview Centennial, 141
Passing
Player, School, Yards
Keelon Russell, Duncanville, 474
Presley Harper, Richardson Pearce, 422
Drew Kates, Richland, 398
Marcus Flowers, Princeton, 389
Maguire Gasperson, Argyle, 387
Christian Hampton, North Garland, 364
Chris Jimerson Jr., North Crowley, 342
Grant Bizjack, Trophy Club Byron Nelson, 335
Brent Rickert, Rockwall, 321
Howard Fisher IV, Wylie East, 319
Edward Griffin, Coppell, 305
Jerry Meyer III, Waxahachie, 298
Find more high school sports coverage from The Dallas Morning News here.
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Texas
2024 Texas Election Guide: How to register to vote and make your voice heard
At ABC13 Houston, we believe our democracy works best when everyone participates.
This year, Texas voters will cast ballots for our next president and vice president, U.S. Senator, congressional and state representatives, and decide on multiple judicial races.
Your last day to register to vote is Monday, Oct. 7, 2024.
Check your Texas voter registration | Register to vote (print, sign and mail)
Find your polling place
Texas does not offer online voter registration, but you can visit VoteTexas.gov to fill out, print, sign and mail your application. To be eligible to vote in the November general election, your registration form must be received or postmarked by the Oct. 7 deadline.
You can also register to vote in person at your local Voter Registrar’s office.
Even if you’ve voted before, you should still double-check your registration.
More than a million Texans have been removed from voter rolls since 2021, and the League of Women Voters told ABC13 that some voters have been removed if they didn’t register in the last two federal elections.
Early voting will begin Monday, Oct. 21 and run through Friday, Nov. 1.
Election Day is Tuesday, Nov. 5.
Voting by mail in Texas is limited to voters who are:
- Ages 65 and older
- Sick or disabled
- Expected to give birth within three weeks of Election Day
- Out of the county on Election Day and during the early voting period
- Confined in jail, but otherwise eligible
- Civilly committed under Chapter 841 of the Texas Health and Safety Code
The last day to register to vote by mail in Texas is Friday, Oct. 25.
Click here to download an application to vote by mail.
What you can (and can’t) bring to the polls
All voters must present one of the following forms of photo ID:
- Texas driver license issued by the Texas Department of Public Safety (DPS)
- Texas Election Identification Certificate issued by DPS
- Texas personal identification card issued by DPS
- Texas handgun license issued by DPS
- United States military identification card containing the person’s photograph
- United States citizenship certificate containing the person’s photograph
- United States passport (book or card)
You can still vote if you do not possess or cannot reasonably obtain one of these photo IDs. You will need to fill out a Reasonable Impediment Declaration at the polls and show a copy or original of one of the following approved IDs:
- Certified Domestic Birth Certificate or Court Admissible Birth Document
- Current utility bill
- Bank statement
- Government check
- Paycheck
- Government document with your name and an address, including your voter registration certificate
If you need assistance, voters may request help by any person other than the voter’s employer, an agent of their employer, or an officer or agent of a labor union to which the voter belongs.
You are not permitted to use a wireless communications device or any device which records audio, images or video within 100 feet of a voting station. This includes smartphones, digital cameras or sound recorders. Election judges are authorized to require anyone to turn off or deactivate any device.
While you may be excited to vote for a particular candidate, you should not wear any campaign t-shirts, buttons, hats or other accessories to the polls. This is considered electioneering, which is not permitted within 100 feet of the voting stations.
What’s on my ballot?
For a glance at what you’ll see at the top of your ballot, click here (PDF).
For down ballot races, see your county election authority’s website for details:
Harris Co.
Fort Bend Co.
Montgomery Co.
Galveston Co.
Chambers Co.
Liberty Co.
Waller Co.
Austin Co.
Brazoria Co.
Calhoun Co.
Colorado Co.
Grimes Co.
Jackson Co.
Matagorda Co.
Polk Co.
San Jacinto Co.
Trinity Co.
Walker Co.
Washington Co.
Wharton Co.
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