Far West

Los Angeles city officials say Mayor Eric Garcetti's 2015-16 budget proposal takes another large step forward toward resolving the city's structural deficit.

The state auditor both praised and criticized realignment and the health of the prisoners is still under federal receivership.

Fitch Ratings assigned an F1-plus rating to Riverside, Calif.'s plans to refund $30 million in taxable pension obligation bond anticipation notes, and also affirmed the ratings on another $112 million in debt.

San Diego Mayor Kevin Faulconer launched a plan to cut red tape and make it easier for the city to move forward on a program to repair its streets and sidewalks.

Standard & Poor's downgraded revenue bonds for the North Kern Water Storage District, Calif. to A-plus on volatile financial performance.

The Municipal Securities Rulemaking Board's proposal to require dealers to submit new information through its trade reporting system has some support from the two major industry groups, but one is concerned about possible inefficiency and confusion and the other wants a longer implementation period.

Proposed state legislation in California would raise the gasoline tax to generate an additional $3 billion a year for transportation projects.

Fitch ratings has revised the outlook to stable from negative for $414.4 million of North Las Vegas, Nev., bonds, and affirmed the rating at B.

Los Angeles Unified School District officials stand behind their disclosure after the U.S. Securities and Exchange Commission opened an informal inquiry into the district’s compliance with legal guidelines in the use of bond proceeds to buy iPad tablets.

The House on Thursday passed a bill to make the state and local sales tax deduction permanent.