Far West

A more than $200 million bond-financed hotel near Portland, Oregon's convention center that had faced years of legal challenges appears on track to open in late 2019.

California revenues came in $7 million above the month’s forecast for May, the state’s Department of Finance reported.

The Senate Appropriations Committee on Thursday approved a fiscal 2017 appropriations bill that would maintain current funding levels for both the Internal Revenue Service and Securities and Exchange Commission as well as increase federal funding for the District of Columbia.

California lawmakers approved a $122.5 billion budget that largely followed the blueprint Gov. Jerry Brown outlined in May, but also failed to tackle the issue of the state’s crumbling roads and highways.

The California election results demonstrate strong voter support for tax increases, a credit positive, according to a Moody’s Investors Services report.

Cash-strapped colleges and universities are increasingly likely to opt for P3 financing of campus infrastructure.

San Bernardino is negotiating with smaller creditors after having reached tentative agreements with employee unions, California Public Employee’s Retirement System and pension bondholders.

The city of Los Angeles is set to offer $1.46 billion of tax and revenue anticipation notes on Tuesday, June 21, in what will be the largest TRAN offering in the United States this year.

California's new, higher legal smoking age of 21 heralds more trouble for tobacco securitization debt, said analyst Richard Larkin.

Legislation to require California issuers to provide significantly more information about their bond payments and uses of proceeds appears to be marching toward passage.