Far West

Jerry Nickelsburg, senior economist for the UCLA Anderson Forecast, said California's infrastructure is in dire need of reinvention for the 21st Century.

Ratings on many of California's cities continue to recover from the recession, but credit rating distribution in the state remains uneven, according to a report from Standard & Poor's.

Nevada's new Republican majority in the state legislature and Republican Gov. Brian Sandoval are facing a budget shortfall and anemic revenues that could test anti-tax increase pledges as Sandoval hints at reforms to the tax structure.

The Cherokee County School System is negotiating with the Internal Revenue Service to settle a tax dispute, after an IRS agent contended in an audit of 2007 bonds that there was an arbitrage problem.

For the month of November, California's total revenues came in slightly below estimates, with lower-than-expected income and sales tax collections, according to the state controller.

A San Francisco Superior Court judge will decide in January whether to uphold a decision to terminate the accreditation of the City College of San Francisco.

Members of Congress unveiled a fiscal 2015 spending bill late Tuesday, but some provisions tucked into the measure were drawing opposition.

A report released Tuesday by Sen. Tom Coburn, R-Okla., recommends that Congress should eliminate the tax exemption for municipal bonds.

Dealers said the MSRB's proposal to extend gifts and gratuities regulation to municipal advisors should be reworked to establish uniform recordkeeping requirements for both dealer and non-dealer firms, while a major non-dealer firm said the proposal should be an opportunity to fix a gap in the existing rule.

Governments should invest $163 billion a year in infrastructure to keep pace with growing transportation needs, new study finds.