Far West

After more than four years, San Bernardino has a clear path to exit its Chapter 9 bankruptcy.

The president-elect would finance his trillion dollar plan through tax credits, bypassing state and local governments, and may move to tax the interest on their municipal bonds.

A proposed continuing resolution that would fund federal programs and services through April 28, 2017, and a long-awaited bipartisan water bill would provide about $170 million For Flint, Mich., and other water infrastructure health initiatives.

A bankruptcy judge will hear from last major holdout in the San Bernardino, Calif. bankruptcy case.

The Internal Revenue Service is auditing $55 million of general obligation limited tax water reclamation bonds that were issued in 2007 by the Clark County, Nev. Water Reclamation District.

The Securities Industry and Financial Markets Association wants bank regulators to avoid adopting harsh international capital standards for trading that could have a chilling effect on the municipal market and hurt liquidity.

Energy-producing states affected by two years of deterioration in natural resource prices can expect continued global headwinds to pressure revenues, according to Fitch Ratings.

The MSRB issued interpretive guidance on how its rules apply to accounts that are fully managed by a registered investment advisor that is also a sophisticated municipal market professional.

Los Angeles City Administrative Officer Miguel Santana is stepping down from his current role to work for the Los Angeles County Fair Association.

Voters’ approval of the Los Angeles Metropolitan Transportation Authority’s latest sales tax measure has spurred interest from private industry in partnering with the transit authority.