Far West

U.S. Rep. Tony Cardenas told the manufacturer of the popular Sriracha hot sauce if Irwindale, Calif. doesn't want your factory the San Fernando Valley will take it.

The Municipal Securities Rulemaking Board has filed a new rule with the Securities and Exchange Commission to implement an annual fee of $300 for each municipal advisor professional that is to be paid by registered municipal advisors.

Metropolitan Washington Airport Authority will complete funding of a rail line to Dulles International Airport with May's negotiated sale of $450 million of toll revenue bonds.

California Gov. Jerry Brown has called a special legislative session for later this month to take up changes he has proposed for the state's Rainy Day Fund.

A new office at the U.S. Treasury Department will focus on state and local finance issues, including distressed municipalities and their management of pensions and other liabilities.

Restitution from seven corrupt former Bell, Calif. city leaders is expected to total more than $18 million, but the city's current finance director isn't convinced the city will see that money.

An audit of Cudahy, Calif. by State Controller John Chiang found misuse of taxpayer dollars, contract violations, mismanaged state grant funds, and more questionable financial practices.

California is planning to sell $750 million of general obligation bonds next week to fund transportation projects and refund outstanding commercial paper debt.

Moody's says that tentative settlement agreements mean North Las Vegas, Nev. is less likely to be taken over by the state as it rushes to present a tentative budget to the state.

Proposed California legislation that could put $1.5 billion in bond proceeds from former redevelopment agencies into play could be credit positive for local governments, according to Fitch Ratings.