Far West

Sacramento, Calif.’s creation of a long-term plan to fund its retiree healthcare benefits has put the city on a more sustainable trajectory, Moody's Investors Service said Friday.

A 2.2 cents per gallon cut in California’s gasoline tax will reduce funding for road and transit projects.

Legislators are coalescing around a federal oversight authority for Puerto Rico that could take concerns over the commonwealth’s debt, pension, and economic crises and forge unique solutions using congressionally approved oversight and restructuring capabilities.

Republican lawmakers contend that President Obama is breaking last year's budget agreement with his fiscal 2017 DOT proposal.

Far West issuers sold $83.6 billion of municipal bonds in 2015, a 26.5% increase over the prior year, as refundings continued to drive volume.

Financial information of state and local government debt issuers is of great interest to state residents and taxpayers, not only for how tax dollars and other revenues are used, but how well they are used. The more transparent, the greater confidence citizens may have in their government. The bar for such transparency has just been raised by DebtWatch.

California high-speed rail officials said they plan to start the $64.2 billion project in the north, rather than in the south.

Hunton & Williams LLP has hired David Horner as a partner to work in the firm's infrastructure public-private partnerships practice.

Squire Patton Boggs, a leading muni bond firm, is merging with the San Francisco-based international litigation firm of Carroll, Burdick & McDonough.

Standard & Poor’s revised Huntington Park, Calif.’s outlook to stable citing concerns about the city’s operating deficits.