Far West

Vernon’s electric system revenue bonds were downgraded two notches to Baa3 and received a negative outlook as a result of chronically weak financial metrics.

The Treasury Department and Internal Revenue Service may rethink and re-propose controversial political subdivision rules, but will wait until next year to see what the next administration wants to do with them, a tax regulator told lawyers meeting in Chicago.

While the Securities and Exchange Commission remains silent on whether there will be more settlements under its continuing disclosure enforcement initiative, an SEC official said any party that voluntarily submitted potential violations will be told whether the commission plans to take action against them.

Oakland, Calif., Mayor Libby Schaaf said she remains committed to keeping the National Football League's Oakland Raiders, but will not use public money to win a bidding war against Nevada.

The Internal Revenue Service's Office of Tax-Exempt Bonds has told its auditors that, if an issuer redeems 100% of the outstanding principal amount of its tax-exempt or tax-credit bonds, the audit can be closed without further TEB action.

Virginia road planners will evaluate local requests for $9 billion of state funding.

Alaska’s coming $2.3 billion pension obligation bond deal will drive the Frontier State to another downgrade, but neither that or other recent downgrades is seen as an obstacle to the state’s desired pricing.

The former head of the Internal Revenue Service's tax-exempt bond office says TEB is ignoring alleged violations on a financing for a Syracuse mall that benefited from breaks sought by Hillary Clinton.

The Los Angeles school board refused to renew three charters for a charter school system with outstanding bonds that has faced financial problems and questions about connections to Turkey’s coup.

Oregon has inaugurated the use of a new state program managed by the Oregon Department of Education that offers a dollar-to-dollar match of up to $4 million to districts whose voters approve local bonds.