Far West

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.

Market participants are concerned and confused about an aspect of the Municipal Securities Rulemaking Board's proposed municipal advisor core conduct rule that some sources are reading as allowing investment banks to provide advisory services on deals they underwrite.

Moody's Investors Service upgraded the Sacramento Municipal Utility District Financing authority's outstanding bonds ahead of plans to price a $195 million refunding of electric revenue bonds on April 22.

Rising retirement benefit costs are threatening municipal services in California and the problem will worsen short-term, according to a Manhattan Institute report.

A $15.1 billion, 16-year transportation package proposed by Washington State House Democrats includes more than $8 billion of new projects to be funded with an increase in the state gasoline tax and up to $4.3 billion of state general obligation bonds.

The Municipal Securities Rulemaking Board has filed with the Securities and Exchange Commission a proposed rule governing the core conduct of municipal advisors, including their fiduciary duty to put the interests of state and local government clients ahead of their own.

Los Angeles Mayor Eric Garcetti took aim at earthquakes, drought and increased police protection in his State of the City speech Tuesday.