Randall Jensen

SAN FRANCISCO — Alaska’s governor and lawmakers are at loggerheads over a proposed budget, except unlike in most other states, this debate is over what to do with extra cash.

Moody's Investors Service downgraded $1.7 billion of San Jose Redevelopment Agency tax allocation bonds after falling property values cut into debt service coverage.

SAN FRANCISCO — Stone & Youngberg said it hired Doug Heske as managing director and branch manager of its San Francisco private-client group.

SAN FRANCISCO — California’s controller is pushing new legislation that would strengthen state oversight over local government finances and audits.

Washington revenues have risen more than 10% from a year earlier and tax collections grew $5.1 million, or 0.6%, according to the state’s most recent economic and revenue forecast.

Gov. Jerry Brown has appointed Claudia Cappio to be executive director of the California Housing and Finance Agency.

California Gov. Jerry Brown signed a new bill into law Tuesday that will require private and public utilities to get 33% of their electricity from renewable energy resources by 2020, up from the current target of 20%.

The bankrupt city of Vallejo has hired Deborah Lauchner as its new finance director.

Fitch Ratings has downgraded $1.5 billion of San Francisco general obligation bonds to AA-minus from AA amid dwindling reserves and rising budgetary pressure.

SAN FRANCISCO — A nonprofit mental-health service provider in Los Angeles County has gone belly-up, leaving a state-backed insurer on the hook for more than $5 million of bonds.

SACRAMENTO — Vallejo, Calif., is closing in on settlements with creditors that would smooth its escape from bankruptcy, according to its attorney.

Portland’s City Council looks likely to approve $45 million of revenue bonds next week in support of a $1.4 billion light-rail project.

Bets on the Las Vegas mayoral race will have to wait until June to be decided.

The Oakland City Council quashed Tuesday an effort by Mayor Jean Quan to put a parcel tax on the local ballot to help plug a $46 million budget hole.

Moody’s Investors Service downgraded the Southern California Logistics Airport Authority’s $51 million of subordinate tax-allocation revenue bonds to B1 from Ba3.

Anchorage residents gave mixed votes on $70 million worth of education bond measures Tuesday.

SAN FRANCISCO — In this city known for its eccentricities, why should retiree benefit reform be any different?

SAN FRANCISCO — Wenatchee, Wash., finds itself on the hook for a hockey arena that didn’t pencil out the way consultants said it would.

SAN FRANCISCO — Hercules, Calif., is dealing with a fiscal and political mess that will require an effort worthy of its name to right its finances and pay debt service on $162 million of bonds.

SAN FRANCISCO — The California cities of Sacramento and Anaheim are in a tug-of-war over the fate of a National Basketball Association franchise, with bonds tied to each end.