Far West

Michael Milken, chairman of the Milken Institute, put a call-out to financial professionals to help solve California’s drought crisis and issues around climate change .

An Internal Revenue Service memorandum that would render a community development district's bonds taxable should not be retroactive because a House committee last year urged guidance on political subdivisions be prospective, the CDD's lawyer said.

The Panama Canal expansion will benefit East Coast local governments near key ports, but West Coast ports will not lose business from the expansion, according to a Moody’s Investors Service report.

Fitch Ratings and Moody’s Investors Service have assigned their highest ratings to Seattle's unlimited and second-highest ratings to its limited tax general obligation bonds ahead of a more than $350 million competitive sale next week.

A second federal lawsuit has been filed challenging the private activity bond financing for the All Aboard Florida train project; the latest suit comes from Martin County, Fla.

Moody's Investors Service upgraded Canyon County School District No. 131, Idaho to Baa1 from Baa3.

California needs to spend $853 billion on infrastructure for transportation, water and K-12 facilities over the next 10 years just to maintain the state's current infrastructure, according to a report released on April 28.

The Los Angeles City Council began budget hearings April 28 on the $8.5 billion budget proposed by the mayor for fiscal 2015-16.

Millions of jobs and billions of dollars in state road and transit projects are at risk unless a multiyear federal transportation bill is in place by the end of May, Senate Finance Committee Democrats warned on Tuesday.

U.S. Solicitor General Donald Verrilli has until May 20 to respond to a request from Miami, Fla.'s former budget director that the Supreme Court hear his argument that he should be shielded from a Securities and Exchange Commission lawsuit.