Far West

Public pensions are averaging a significantly improved 80.6% funded ratio, but took on riskier investments to obtain higher returns, which would be problematic in a market correction.

States are expected to cut their budgets, marking a return to more modest levels of spending after years of stimulus-fueled growth and tax cuts.

With the reputational stain from the county's 1994 bankruptcy long in the rearview mirror, the southern California county had its rating boosted to the highest rating by S&P Global Ratings.

Infrastructure projects and plans for a new transit police department topped the agenda at the agency's State of the Agency event.

The Grants Pass decision was viewed as the most consequential for local governments of the U.S. Supreme Court's recent session.

Ila Afsharipour has joined Wells Fargo as managing director. He will oversee the firm's real estate, securitization, and affordable housing team.

Unfunded public pension liabilities have dropped more than 60%, or $3 trillion, from the peak in 2020, according to a new Moody's Ratings report.

A half-billion dollars in grants are to be split by a dozen of the nearly 500 applicants for the tech hub program and 31 semifinalists.

The short-term sale is an unusual maneuver that allows the CEA to temporarily lower the amount of available capital on its balance sheet.

The private-activity bonds funding LAX's automated people mover project have been downgraded to junk by Fitch amid delays and disagreements with the private developer. But Fitch affirmed the airport's AA rating.