Far West

The Obama administration's proposal to create a new class of tax-exempt debt that is permitted within the context and requirements of public private partnership is a hopeful sign of a way forward in creating a new hybrid infrastructure financing model.

The California’s Legislative Analyst’s Office released a review of the state sales tax May 6

California’s state’s personal income and corporate tax receipts for April were a combined $1.8 billion above projections for the month, according to information released by the Franchise Tax Board.

Oregon will be able to manage the immediate impact of the Oregon State Supreme Court’s restoration of the cost-of-living adjustment, Fitch Ratings said in a May 6 report.

The California State Water Board’s newly approved water conservation rules will challenge some water utilities more than others, Fitch Ratings said.

The Internal Revenue Service should withdraw or alter a controversial 2013 memorandum relating to the definition a political subdivision, provide interim guidance, and propose new rules that apply prospectively, the tax-exempt financing committee of American Bar Association's taxation section said.

Standard & Poor's Ratings Services revised its outlook on the California State Teachers' Retirement System to positive from stable and affirmed its AA-minus issuer credit rating

An Oregon Supreme Court decision striking down cost-of-living reductions is credit negative for both the state and its municipalities, according to a Moody’s Investors Service report.

Warning the Internal Revenue Service that its proposed issue price rules would disrupt the muni bond marketplace, increase regulatory complexity, and drive up compliance and borrowing costs, Bond Dealers of America is proposing that the agency instead make modest changes to its current rules and then enforce them.

Moody’s Investors Service deemed a California appeals court ruling a credit negative and an impediment to the ability of California water suppliers to meet conservation mandates without financial repercussions, according to a report released May 3.