Far West

The new five-year federal transportation funding law has opportunities as well as some limits for P3 project financing.

Oregon Gov. Kate Brown will seek public input in a series of meetings beginning next month on the preliminary findings of a policy group exploring the state's transportation needs.

The "gradual and contingent nature" of the California Public Employees' Retirement System plan to revise its investment return assumptions could mean substantial fiscal risk to California governments, Moody's Investors service said Friday.

An agreement to return control of the LA/Ontario International Airport from Los Angeles to an Ontario-based local authority is a positive for the Los Angeles airport but negative to the Ontario airport's credit, Moody's Investors Service said.

The bondholders and insurer in the San Bernardino, Calif. bankruptcy case are both criticizing what they describe as the city’s lack of coherent financial disclosure.

California remains $664 million ahead of revenue projections for fiscal 2016 though cash for November was a half billion shy of expectations, according to the Department of Finance.

After a multi-year battle, with Los Angeles, the Ontario, Calif. airport reverts to local control once the Ontario International Airport Authority receive approval from the Federal Aviation

Moody's Investors Service upgraded Laguna Beach Unified School District's, Calif. general obligation bonds to Aaa from Aa1.

Franklin Templeton, Stockton, Calif's holdout creditor, says it will not pursue further appeals of the plan that allowed the city to officially exit bankruptcy earlier this year.

Infrastructure needs are expected to drive steady borrowing by California school districts, and Raymond James is staffing up to be a part of it.