Far West

The California Public Employees' Retirement System's purchase of an equity stake in the Indiana Toll Road earlier this month is part of a growing trend of public pension funds investing more directly in large infrastructure assets.

Oregon panel says state needs an additional $964 million per year to maintain and protect its existing transportation infrastructure.

Financial advisory firm KNN Public Finance has hired public finance banker Melissa Shick as a director to help with the growth the firm expects in new money issuance as California state and local issuers take aim at needed infrastructure improvements.

House Appropriations Committee adopted a proposal to increase highway and transit funding by $1.25 billion in 2017.

California Gov. Jerry Brown's recent executive order about state water restrictions is a credit positive for local water agencies, according to Moody’s Investors Service.

State and national transportation groups oppose Senate plan to reclaim more than $2 billion of unobligated highway funds.

California cut or delayed $1.5 billion of projects from a five-year road program as gas tax collections continue to fall.

Four port authorities and a wholesale electricity provider are warning that rules proposed by the Treasury Department and Internal Revenue Service earlier this year could hurt their standing as political subdivisions and their ability to issue bonds as well as complicate their governing structures.

U.S. transit operators say reliable, dedicated funding is needed to resolve growing maintenance problems.

California is beginning to address some key infrastructure gaps, Wells Fargo analysts said in a report.