LA Takes Next Step To Connect Metro to LAX
The Los Angeles World Airports board of commissioners has approved its piece of a plan to connect Los Angeles International Airport to the city' light rail and subway system.
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Standard & Poor's warned that the plunge in oil prices could hurt Alaska's credit rating, unless the state takes action to address its deficit.  more »
Riverside, Calif. officials say findings in an audit conducted on 2009 sewer bonds and the city's sewer fund mean the city can move forward on a bond sale.  more »
A ruling by the U.S. Surface Transportation Board that it has authority to pre-empt state environmental law on construction of California's high speed rail project conflicts with a previous decision by a California Court of Appeals.  more »
State Controller John Chiang issued a report warning of the growing unfunded retiree healthcare liability cost which has reached $71.8 billion.  more »
Moody's Investors Service has revised its outlook on Aaa-rated Alaska to negative from stable as plunging oil prices threaten to reduce the state's budgetary reserve.  more »
California's severe drought will cost the state billions of dollars for 2014, but its economy is still doing well, according to municipal analysts at Bank of America Merrill Lynch.  more »
An expectation that Nevada will use reserves to bridge a budget shortfall means a step backward for the state at a time when other states are building reserves, according to a Moody's Investors Service credit outlook.  more »
Strong financial management combined with a growing tax base, diverse economy, and growing reserves have placed Los Angeles in a position to strengthen its credit profile, Moody's Investors Service analysts said.  more »
Stockton, Calif. received approval of its bankruptcy plan in October, but it continues to face challenges from its holdout creditor, Franklin Advisors.  more »
The state of Alaska recently lowered its revenue forecast due to declining oil prices, with no immediate impact on its credit rating, according to Fitch Ratings.  more »
Jerry Nickelsburg, senior economist for the UCLA Anderson Forecast, said California's infrastructure is in dire need of reinvention for the 21st Century.  more »
Ratings on many of California's cities continue to recover from the recession, but credit rating distribution in the state remains uneven, according to a report from Standard & Poor's.  more »
Nevada's new Republican majority in the state legislature and Republican Gov. Brian Sandoval are facing a budget shortfall and anemic revenues that could test anti-tax increase pledges as Sandoval hints at reforms to the tax structure.  more »

As it steps up its efforts to police the municipal securities market, the regulator is turning to potentially career ending sanctions for municipal officials.

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