09.02.2015 19:25:00
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Moody's: Texas and its municipalities face difficult budget decisions in wake of oil slowdown
New York, February 09, 2015 -- The State of Texas (Aaa stable) and its local governments will encounter difficult budget decisions during the remainder of this fiscal year and the next biennium owing to lower oil prices, Moody's Investors Service says in a new report "Tough State and Local Government Budget Decisions Ahead as Oil Sector Slows."