Far West

Municipal bonds are a better option than P3s for water utilities, an environmental advocate told a special House P3 panel Tuesday.

The authority planning a long-stalled bridge across Alaska's Knik Arm wants lawmakers to shift the project from a public-private partnership to traditional public financing.

Moody's Investors Service affirmed San Diego Unified School District's Aa3 general obligation bond rating.

Nevada Gov. Brian Sandoval has named Julia Teska as his new budget chief and director to replace Jeff Mohlenkamp who will retire on April 4.

The Anaheim Public Financing Authority plans to price $265 million of lease revenue bonds on Tuesday to fund an expansion of the Anaheim Convention Center.

Hercules officials said they plan to seek to have the city's CCC-plus rating from Standard & Poor's reinstated.

Urban Futures, the company acting as financial advisor to San Bernardino during its bankruptcy, hired John Phan as a principal in the firm's Orange, Calif., office.

The California State Public Works Board is planning to sell $793 million of revenue bonds next week to finance on behalf of the California Department of Corrections and Rehabilitation construction costs for a state prison and correctional facility.

The postponement of a pension reform measure that was headed for the November ballot is a credit negative for California's local governments, Moody's Investors Service said.

Detroit's treatment of its general obligation bonds could have broader implications in the municipal bond market, but California's GO bond pledge will remain strong, market experts say.