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Regional News - Far West
U.S. Rep. Tony Cardenas Reaches Out to Sriracha Maker
U.S. Rep. Tony Cardenas told the manufacturer of the popular Sriracha hot sauce if Irwindale, Calif. doesn't want your factory the San Fernando Valley will take it.
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Jerry Brown Calls Special Session for Rainy Day Fund
California Gov. Jerry Brown has called a special legislative session for later this month to take up changes he has proposed for the state's Rainy Day Fund.  more »
California
Bell's Corrupt Rizzo Sentenced; Restitution Ordered
Restitution from seven corrupt former Bell, Calif. city leaders is expected to total more than $18 million, but the city's current finance director isn't convinced the city will see that money.  more »
California
Audit: Rampant Questionable Spending in Cudahy, Calif.
An audit of Cudahy, Calif. by State Controller John Chiang found misuse of taxpayer dollars, contract violations, mismanaged state grant funds, and more questionable financial practices.  more »
California
California Preps $750M of Competitive GOs
California is planning to sell $750 million of general obligation bonds next week to fund transportation projects and refund outstanding commercial paper debt.  more »
California
Moody's: Odds Wane for State Takeover of North Las Vegas
Moody's says that tentative settlement agreements mean North Las Vegas, Nev. is less likely to be taken over by the state as it rushes to present a tentative budget to the state.  more »
Nevada
Fitch: Proposed California RDA Legislation Could Be Credit Positive
Proposed California legislation that could put $1.5 billion in bond proceeds from former redevelopment agencies into play could be credit positive for local governments, according to Fitch Ratings.  more »
California
Alaska Senate Passes $2.1B Budget, Bond Bills
The Alaska State Senate passed a $2.1 billion budget bill on Friday, along with other bills authorizing bond issuances.  more »
Alaska
Hercules, Calif. Closes Tender Offer, Avoids Bond Defaults
Hercules closed on its tender offer Thursday avoiding potential bond defaults and sealing the deal on the sale of its utility to invester-owned Pacific Gas & Electric.  more »
California
San Mateo County to Sell $210M for New Jail
San Mateo County is planning to sell $210 million of lease revenue bonds to finance construction for a new correctional facility in Redwood City, Calif.  more »
California
Washington State Housing Agency Offers Help to Mudslide Victims
The Washington State Housing Finance Commission is helping victims displaced by the recent mudslide by speeding up the process of applying for housing.  more »
Washington
California Bill Would Tackle Redevelopment Bond Disputes
A comprehensive bill introduced by California Sen. Darrell Steinberg seeks to resolve some of the thornier issues involved in winding down redevelopment agencies including what to do about $1.5 billion of bonds issued in 2011 that are stuck in limbo.  more »
California
William Blair Makes Push Into LA With De La Rosa Team
Chicago-based William Blair & Co. is bolstering its sales and trading group in Chicago and California and making a push into the Los Angeles market with a new office staffed with veterans from De La Rosa & Co. led by Christopher Tota.  more »
Illinois
California
Moody's: State Intervention Increasingly Likely in North Las Vegas
Moody's Investors Service said the deteriorating fiscal situation in North Las Vegas increases the likelihood of state intervention.  more »
Nevada
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Commentary: N.Y. State Budget Omits P3s and Design-Build Procurement
New York's budget leaves it at risk of becoming one of only five states that do not allow the use of design-build procurement to deliver public infrastructure projects.

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