Far West

Panelists at The Bond Buyer's Pacific Northwest Municipal Market Symposium in Seattle discussed the implications of two regulatory initiatives taking place this year, the SEC's MCDC self-reporting initiative, and municipal advisor regulation.

San Bernardino, Calif., leaders failed to pass a budget at Monday night's council meeting, postponing a vote to June 30 – the last day of the fiscal year.

California Gov. Jerry Brown on Friday signed a controversial budget trailer bill that would cap the amount of funds that school districts can keep in reserves.

Fitch Ratings has affirmed El Rancho Unified School District, Calif.'s general obligation bond rating at A and has removed a negative watch impacting $13.8 million in bonds.

Seleta Reynolds of the San Francisco Department of Transportation was nominated Friday by Los Angeles Mayor Eric Garcetti to be the next general manager of the Los Angeles Department of Transportation.

San Bernardino's firefighters union has replaced the California Public Employees' Retirement system as the most adversarial creditor in the city's Chapter 9 bankruptcy.

Gov. Jerry Brown signed California's budget for 2014-15 Friday morning, less than a week after it was approved by the state legislature.

A recent proposal to extend an accreditation review is a positive development for San Francisco Community College District, according to Fitch Ratings.

The Securities and Exchange Commission has charged a Philadelphia-area private equity firm with violating pay-to-play rules by receiving advisory fees from the city and state pension funds following campaign contributions an associate made to state and local officials. It is the first case brought by the SEC under its pay-to-play rules for investment advisers.

San Bernardino announced Thursday morning that it has reached a tentative agreement with the California Public Employees' Retirement System on missed payments included in the city's Chapter 9 bankruptcy filing.