Randall Jensen

A small health care district in Northern California, the Mendocino Coast Health Care District, is still slogging its way through Chapter 9 bankruptcy and hopes to exit this summer without impairing bondholders.

An Oregon delegation led by Treasurer Ted Wheeler met with White House officials last week to discuss a new exchange for regional infrastructure projects.

Oregon Gov. John Kitzhaber said the $3.4 billion Columbia River Crossing bridge project will die if Washington lawmakers try to kill light-rail from the proposal, according to reports.

California Treasurer Bill Lockyer and conduit issuers California Statewide Communities Development Authority, and California Municipal Finance Authority, reached an agreement to implement reforms.

Moody's Investors Service said it has placed San Francisco Community College District's A1 rating on review for possible downgrade ahead of a decision on its accreditation.

A new push is underway in the California Legislature to reinvigorate local economic development financing after the shutdown of redevelopment agencies.

Standard & Poor's revised its outlook on San Francisco to stable from negative on an improved budget and reserves.

Alaska's legislature this week passed legislation pushed by Gov. Sean Parnell that would cut oil taxes and cost the state billions.

A lawsuit by Caldwell Flores Winters, Inc. for breach of contract and the resulting counter-complaint by small, rural Willits United School District, Calif. spotlights controversial practices critics see in California school district bond sales.

The Council of Development Finance Agencies and the California Association for Local Economic Development said in a statement Thursday the goal of the new group will be to bring new resources, tools and partners to help grow local economic development in the state.

Democrats in the Oregon Senate have proposed a bill has been proposed by that would reform the state's public employees pension system.

State Controller John Chiang said Wednesday that state revenues in March came in $395 million, or 7.2%, above estimates in the governor's proposed budget.

Standard & Poor's said in a report Monday that Stockton's eligibility for bankruptcy will likely have an impact on local governments in distress.

The National Federation of Municipal Analysts said Wednesday they have filed an amicus curiae brief in California Superior Court in support of a lawsuit filed by insurer Syncora Guarantee over laws extinguishing redevelopment agencies in the state.

Legislation proposed by Don Wagner, R-Irvine, would prohibit a local agency from working with an individual or firm on any bond deal if they provide services to the bond election campaign.

Now the question is how long will it take Stockton to exit bankruptcy? And how will Stockton reorganize its debts to put the city on a path to fiscal stability?

Moody's downgraded Sacramento County's pension obligation bonds to Baa1 from A3 but affirmed the county's A2 issuer rating.

California said it will hold its second spring sale of $2 billion of general obligation bonds next week.

Moody's Investors Service says a reduction of California Employees' Retirement System debts in Stockton's bankruptcy reorganization would have major ramifications for bondholders and California municipalities.

A Federal bankruptcy judge ruled today that Stockton, Calif. is eligible for Chapter 9 protection, rejecting the objections of bond market creditors.