Far West

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.

Average gasoline consumption falls to a 30-year low, threatening revenues from the main source of state and federal transportation funding.

An Oregon State Supreme Court ruling has overturned a significant element of pension reform, Standard & Poor’s said.

Moody’s Investors Service upgraded the Las Vegas Valley Water District’s general obligation limited tax debt a notch to Aa1 ahead of a May bond issue.

House Ways and Means Chairman Paul Ryan is working on a "limited tax reform" package that could contain revenue for the Highway Trust Fund and extenders and that could be passed this summer.

Pension obligation bonds are land mines municipal issuers should avoid, according to Janney Capital Markets.

Oregon selects the vendors that will collect the vehicle data needed for the nation’s first pay-per-mile road usage program.