Far West

California Governor Jerry Brown released his revised budget proposal for California on Tuesday morning, which includes $11 billion to pay down the state's debt.

The draft transportation bill released late Monday night by a Senate committee calls for $242.4 billion of federal funding for highway projects over six years.

California should focus on addressing more of its $340 billion in long-term debt obligations, according to a recent report from the Legislative Analyst's Office.

A recent ruling from the California Supreme Court not to review an decision on other post-employment liabilities is a credit positive for California local governments, though challenges remain, credit rating agencies say.

Increased transparency in the bond rating agencies has been a positive for both investors and issuers, even though it can potentially create a false sense of analysis being an exact science, experts told fellow municipal analysts on Thursday.

Former CDR Financial Products, Inc. employees Douglas Goldberg and Daniel Naeh were not given any prison time or probation when sentenced on Thursday after pleading guilty in 2010 to multiple criminal charges for participating in wide-reaching bid rigging schemes in the municipal market.

California tax revenues came in at almost $14 billion for the month of April, beating estimates by $300 million, according to a report from the state controller, John Chiang.

The Senate Environment and Public Works Committee will vote on a surface transportation reauthorization bill on May 15, committee leaders announced Thursday.

The National Federation of Municipal Analysts presented its annual awards during its conference here on Wednesday, honoring four individuals and an organization for contributions to the municipal bond industry.

In what could be the final chapter in its Chapter 9 proceedings, Stockton will head to court next week to try and convince a U.S. bankruptcy judge that it has a recovery plan that will work.