Far West

Ongoing cuts to Build America Bond subsidies are "credit negative" for issuers, Moody's Investors Service said in its weekly credit outlook for U.S. public finance last week.

San Jose, Calif.’s pension settlement with the city’s police and firefighters is evidence that reducing pension liabilities will be challenging for local governments, Fitch Ratings said in a commentary.

California general obligation bonds were trading like double-A credits ahead of the state’s planned $1.9 billion GO sale, according to the Municipal Market Data scale.

Standard & Poor's affirmed its AAA rating of California Department of Water Resources water system revenue bonds for the Central Valley Project ahead of a $109 million deal it expects to price Aug. 25.

A high-profile San Francisco Bay Area business advocate, the Bay Area Council's Jim Wunderman, says a sales tax should be used to help meet California's massive unfunded transportation needs.

Senate's multiyear transportation funding bill loosens restrictions on tolling of existing lanes of interstate highways.

Far West issuers sold $48.3 billion of municipal bonds in the first half of 2015, a 70% increase from the first six months of 2014 that was driven by refundings.

A city's authority can have additional time to spend proceeds of its new clean renewable energy bonds after unanticipated events caused a "significant delay" in the proceeds being committed and spent, the Internal Revenue Service has ruled.

Standard & Poor’s removed from credit watch and affirmed its A-plus rating on the West Covina Public Finance Authority, Calif.'s lease-revenue bonds after the city enacted improved internal controls.

California lawmakers began consideration of several bond-related propositions aimed at raising infrastructure revenue.