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Regional News - Far West
CFO Matsumoto Out in LA Metro Shakeup
Los Angeles County Metropolitan Transportation Authority is undergoing a reorganization to shrink what a consultant's report called a "top heavy" executive structure, and Chief Financial Officer Terry Matsumoto is leaving.
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California Pension Measure Shelved Until 2016
A judge denied a challenge filed by San Jose Mayor Chuck Reed and other supporters of the Pension Reform Act of 2014, causing them to delay placing the measure on California's November 2014 ballot.  more »
California
Changes Suggested In California Infrastructure District Proposal
California's Legislative Analyst's Office is suggesting that the legislature approve some of Gov. Jerry Brown's proposals to change current law regarding infrastructure financing districts, while rejecting others.  more »
California
Tollway Chief Finalizes Resignation and Severance
The Transportation Corridor Agencies boards voted Thursday to accept the resignation of Neil Peterson, chief executive officer of two Orange County, Calif. toll roads, who will be replaced on an acting basis by Michael Kraman.  more »
California
Portland, Ore., to Sell $30M
The city of Portland, Ore., is planning to sell $30 million of new money and refunding general obligation bonds in a competitive offering next week.  more »
Oregon
Billions at Stake in Lawsuits Over End of California Redevelopment
Courtroom sparks continue to fly between California and former redevelopment agencies nearly two years after the state's highest court ruled in favor of dismantling the tax-increment financing program that had been created to fight blight.  more »
California
California Upsizes Deal, Lowers Yields
The state of California upsized its $1.6 billion GI deal to $1.8 billion and priced a day early on Wednesday amid strong demand.  more »
California
University of California Downgraded Ahead of Deal
Moody's Investors Service has downgraded the general revenue bond rating on the University of California ahead of its $750 million bond sale next month.  more »
California
Term Limits Create Turnover in Nevada Finance Positions
Term limits are forcing an election-year shuffle in Nevada's finance positions.  more »
Nevada
Oregon Legislature Kills Columbia Bridge Plan
Oregon's legislature ended its short session this month, approving over $5 billion in debt, but ending the Columbia River Crossing plan for a modern Interstate 5 span across the Columbia River.  more »
Oregon
Washington
Las Vegas Receives Improved Outlook
Las Vegas received a revised outlook to stable from negative from Fitch Ratings which affirmed its AA rating for limited-tax general obligation bonds.  more »
Nevada
Orange County, Calif., Toll Roads Chief Resigns
The two boards of the Irvine, Calif.-based Transportation Corridor Agencies are scheduled to vote Thursday on whether to accept a settlement agreement governing the resignation of Chief Executive Officer Neil Peterson.  more »
California
Chiang: California Revenues Up in February
California State Controller John Chiang released his monthly cash update for February, showing the state's revenues came in above projections.  more »
California
Washington Considers $700M in Lottery Bonds for Schools
Washington State lawmakers are working to pass a bill that would authorize lottery-backed bonds to fund school construction projects throughout the state.  more »
Washington
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Muni Week in Review: March 14, 2014
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Commentary: A Wrong-Headed Approach to Addressing the Nation's Infrastructure Needs
"One of these things does not belong" is a catchy slogan — and it comes to mind when looking at the latest tax policy ideas coming from Washington when looking at the municipal bond tax exemption. The exemption is not a result of the growth of a tax code designed to induce or reduce certain behaviors. Rather, it is the foundation for the flow of capital in a $3.7 trillion dollar market required to efficiently finance the nation's infrastructure.

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