Far West

The San Diego Chargers are exercising their option to move to Los Angeles.

Municipal market participants see a slowing of Treasury Department and Internal Revenue Service guidance and rules in 2017, but plan to closely watch rules on political subdivisions, tweaks to management contract guidance, and rules for public approval of private activity bonds.

California revenues missed projections in December by nearly $2 billion compared to projections in the state’s 2016-17 budget.

California Gov. Jerry Brown says bolstering reserves and spending restraints are the best way to prepare for federal uncertainties in fiscal 2017-18 budget unveiling.

State and local groups told members of Congress that tax-exempt bonds are the cornerstone of infrastructure financing, as the lawmakers consider how to increase spending on roads and bridges as well as tax reforms that could entail restrictions on tax exemption.

Financial advisor Montague DeRose & Associates has merged with Annette Yee & Company.

San Francisco voters will be asked to approve a $350 million bond to repair its fragile seawall, which experts believe needs a multi-billion dollar investment.

A federal judge denied a request by two Florida counties for additional documents about public financing for the All Aboard Florida private passenger train project, moving their lawsuits closer to a ruling on dismissal.

Jessica Soltz Rudd will replace public finance veteran John Tillapaugh as business development manager in Fitch Ratings’ Western Region.

A second state appeals court decision in California that rejects a rigid interpretation of the so-called “California Rule” of vested rights has boosted the hopes of those who want to change public pension formulas in the Golden State.