Far West

Portland, Ore., will need more than $2 billion over the next decade to bring its streets into good shape after years of neglect.

A bill to give the Los Angeles County Metropolitan Transportation Authority more autonomy in public-private partnerships for highway projects could be affected by California’s transportation funding gridlock.

Fitch Ratings has placed $112.5 million of revenue bonds issued for the J. David Gladstone Institute on negative outlook due to "unsustainable" draws on the organization's endowment fund.

Securities and Exchange Commission officials rejected bond lawyers’ suggestions that the settlements with 36 underwriters under the Municipalities Continuing Disclosure Cooperation initiative contained specific parameters of continuing disclosure violations.

California’s August revenues came in $637.8 million higher than the amount anticipated when the 2015-16 budget passed in July, according to the state controller’s office.

The city of Lebanon, Ore. is preparing to issue more than $14 million of refunding debt.

Standard & Poor's has upgraded Eureka Redevelopment Agency, Calif. to BBB-plus from BBB, citing improved cash management.

Fitch Ratings downgraded to junk $683 million of Loma Linda University Medical Center, Calif. revenue bonds saying the hospital plans to issue more debt next year to tackle earthquake safety projects than it had anticipated.

Moody’s Investors Service downgraded the rating of Lancaster, Calif.-based Antelope Valley Hospital District further into junk territory citing the sudden resignation of the hospital’s chief executive officer this summer.

California's recent agreement with one of its employee unions to have employees prefund some of their retirement benefits is something its elected leaders want to extend to more state employees.