Far West

Dougherty & Co. was hit with the largest Financial Industry Regulatory Authority fine of its kind in recent years after the firm agreed to pay $50,000 for serving as an underwriter for 54 issuers with which it had ongoing "blanket" financial advisory agreements.

California tax revenue missed projections by $708 million in fiscal 2016, the state Department of Finance announced.

A repeal of the tax exemption for municipal bonds would cost state and local governments an additional $495 billion in interest over a ten-year period, Bond Dealers of America told Congress recently.

The Municipal Securities Rulemaking Board is providing some new information about muni trades on its Electronic Municipal Market Access (EMMA) system.

A report issued by the Alaska governor's office outlines “dire consequences” for the state’s fiscal health if the state's legislature fails to take decisive action.

Pension fund veteran Marcie Frost will helm the nation's largest public employee retirement plan, the California Public Employees' Retirement System.

Assessed property values in California are growing robustly in the state’s larger counties, which bodes well for the state budget and local bonds backed by property taxes.

San Diego residents will have a chance this fall to vote on a proposed hotel room tax hike that would back bonds for a $1.8 billion professional football stadium-convention center downtown, but some critics question the bond financing.

Thousands of California motorists are participating in nine-month VMT pilot program to test a replacement for the state's gasoline tax revenues.

Santa Clara County, Calif.’s $6.5 billion sales tax plan to fund road and rail projects has been put on November ballot.