Far West

A California tax board responsible for handling $48.5 million, representing 24% of state revenue in fiscal 2013-14, is placing money in the wrong accounts and failing to collect debts, according to the controller’s office.

Despite strong revenue numbers, the California Legislative Analyst's Office cautioned legislators against increasing spending on programs that could be hard to maintain if an economic downturn occurs.

Some Alaska officials, facing persistent low oil prices that could threaten the state’s triple-A rating, say it needs to change the way it does business, which may include new taxes and changes to the way it handles its large financial reserves.

A proposed California ballot initiative could limit financing for the state's major infrastructure projects, Fitch Ratings says.

New Ways and Means Committee chair Rep. Kevin Brady, R-Texas, said on Wednesday that he plans to solicit the views of House members on tax reform over the next few months.

The California governor’s extension of water conservation mandates could mean downward ratings pressure in the mid-to-long term for water utilities, Fitch Ratings said.

The San Diego City Council approved a plan to hike water rates by nearly 35% in stair steps over a four-year period.

The Navajo Nation closed its first-ever bond transaction this week when it sold $52.9 million of investment-grade general obligation bonds in a private placement.

Los Angeles Airport expects to be the busiest U.S. airport during Thanksgiving holiday for third year in a row.

The Senate will consider a House-approved transportation appropriations bill that keeps fiscal 2016 highway funding at fiscal 2015 levels.