Far West

Legislation that would have authorized a vote on a $3 billion affordable housing bond failed to pass ahead of California's legislative deadline of midnight Sept. 1.

The Securities and Exchange Commission is asking a federal judge to allow it to submit an amended complaint that includes much more detailed charges against banker Peter Cannava in connection with an ill-fated private placement for startup video game company 38 Studios.

Gambling is not a reliable and sustainable source of revenue for states or a solution to their budgetary problems, according to a recent report from the Rockefeller Institute of Government.

California achieved $494.5 million in present value savings when it refunded $2.04 billion of state general obligation bonds, said Treasurer John Chiang.

Minnesota highway officials say road conditions will worsen without solution to growing revenue gap.

The market stars aligned for Berkeley, Calif., to land what participants call exceptional pricing for a parking revenue bond deal.

West Coast financial advisory firm Montague DeRose and Associates is expanding with a push toward adding midsize issuers to its roster of large issuers.

Wyoming Gov. Matt Mead is asking state agencies to look for more ways to save money, citing a budget shortfall that could be more than $500 million.

Hawaii officials say they will upgrade an antiquated accounting system and take other steps to ensure that the state won’t repeat the violations it self-reported to the Securities and Exchange Commission.

Fresno, Calif., Mayor Ashley Swearengin says rating upgrades from Moody's show the steps taken to get the city on sound fiscal ground have worked.