Far West

The San Francisco Bay Area Rapid Transit District Board of Directors has voted unanimously to place a $3.5 billion general obligation bond measure on the November ballot.

California revenues fell short of estimates in Gov. Jerry Brown's 2016-17 proposed budget, according to State Controller Betty Yee's monthly cash report.

The full Senate is expected to take up the Puerto Rico bill passed by the House and vote on it before the end of the month or in early July.

California's controller, governor and some senators are calling for tax reform that would help eliminate the volatility inherent in dependence on taxing the state's affluent residents.

Road projects in Illinois are imperiled by lawmakers' failure to reach accord with Gov. Bruce Rauner on fiscal 2017 state budget.

The House Appropriations Committee on Thursday approved a fiscal 2017 appropriations bill that would reduce funds for the Internal Revenue Service, the Securities and Exchange Commission and the District of Columbia.

The Securities Industry and Financial Markets Association is urging the Securities and Exchange Commission to amend its Rule 15c2-12 on municipal bond disclosure and provide more guidance in this area.

South Carolina Gov. Nikki Haley gave her assent to a bill authorizing $2.3 billion of revenue bonds for highway projects.

Leaders in California's largest cities are contemplating bond measures and tax increases to tackle worsening homelessness crisis, including an unprecedented local income tax in Los Angeles County.

The Internal Revenue Service should do more targeted than random audits to reduce burdens on issuers and improve compliance amidst strained resources and staff, an advisory panel recommended.