Far West

The Glades Correctional Development Corp. in south-central Florida shorted its March 1 debt-service payment, the trustee said in a notice, as the date for a taxable bond exchange approaches due to an IRS ruling.

Fitch Ratings downgraded Clark County School District, Nev. by three notches to BBB-plus saying spending will outpace revenues.

Dealers are criticizing a proposed standalone minimum denomination rule from the Municipal Securities Rulemaking Board, saying it would hamper liquidity and hurt investors by limiting the liquidity of below-minimum denomination positions in municipal securities.

California’s High Speed Rail Authority can sell bonds for the Central Valley segment, said the director of California’s Department of Finance.

Former Stockton Mayor Anthony Silva, who occupied city hall during much of the city’s bankruptcy, was arrested at San Francisco International Airport Sunday and stands accused of embezzling money from a nonprofit children’s organization.

Strong demand is expected to greet the largest municipal bond deal of the year so far, a $2.4 billion California general obligation pricing.

Troubles at the Oroville Dam in Northern California highlight the need for infrastructure maintenance and investment.

California efforts to embed more consumer protections into PACE loans are advancing on two tracks.

Wyoming’s governor and other leaders are trying to diversify the energy-dependent state’s economy.

Portland, Ore. voters will decide whether or not to approve $790 million of school bonds in May following a unanimous vote from the city’s school board.