Far West

The Oregon Investment Council is shifting the state's investment strategy to include more infrastructure and renewable energy investments and to reduce its exposure to stock market volatility

California fell slightly short of revenue projections in November, but remains more than half a billion dollars ahead of budget projections for the first five months of the fiscal year, according to the state controller.

A San Diego City Council committee approved a June 2016 ballot measure that would earmark up to $5 billion for infrastructure repairs.

A provision in the new transportation funding law that lifts the ban on using tax-exempt bonds in conjunction with federal loans will result in lower borrowing costs for water utilities, Fitch Ratings said on Thursday.

A California Public Employees’ Retirement System plan to slowly revise investment return assumptions has Gov. Jerry Brown and others concerned that the massive pension fund could be exposing state and local governments to serious financial risk.

Alaska has signed and made public agreements with two major gas companies that will allow a major pipeline project to move forward even if the private firms decide to drop out of it.

In a report, Moody’s Investors Service said it has completed a review that resulted in upgrades for almost all of the $4.7 billion of California tax allocation bonds it rates.

The Los Angeles City Council approved a four-year labor contract that rolls back pension reform measures enacted in 2012.

The Port of Seattle Commission has approved a $408.4 million budget for 2016 that includes extensive infrastructure investments as part of a more than $2 billion capital improvement plan.

Credit agencies say the new $305 billion FAST Act funding law is credit positive for state road and transit debt secured by federal transportation grants.