Far West

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.

The Las Vegas Valley Water District snared Double A ratings ahead of plans to price up to $339 million in a general obligation bond limited tax refunding on Dec. 11.

Tustin Unified School District, located in Orange County, Calif., has been upgraded by Moody's Investors Service ahead of its $45 million general obligation bond sale.

Moody's Investors Service on Dec. 8 upgraded Clovis, Calif., wastewater revenue bonds to A2 from Baa1 affecting $103 million in outstanding debt.