Far West

Hawaii Gov. Neil Abercrombie released $96.6 million for the construction of capital improvement projects at state airports.

President's Obama $3.9 trillion fiscal 2015 budget, released Tuesday, proposed capping the value of the tax exemption for municipal bond interest at 28%, which market participants complain would amount to an unprecedented tax on municipal bonds.

Moody's Investors Service has placed the rating on the California Housing Finance Agency's multifamily revenue bonds on review for upgrade.

The Hawaii Senate is expected to vote on a proposal to issue $50 million in special purpose revenue bonds to support plans by Florida-based BioTork Hawaii LLC to turn agricultural waste into biofuel and animal feed.

Annual spending on roads and bridges is up to $50 billion short of what is needed to maintain and improve them, U.S. DOT said in report on transportation infrastructure

A proposal to cut the basic allowance for housing for uniformed military personnel would negatively affect the quality of 54 ratings that Moody's Investors Service maintains relating to 24 privatized military housing projects, the rating agency said Monday.

California Gov. Jerry Brown has signed legislation aimed at helping communities deal with impacts from the state's record drought, largely by fast-tracking spending from already voter-approved bond measures.

Amid worsening drought that has lowered the level of Lake Mead, The Arizona Power Authority is preparing to issue $25 million of taxable revenue bonds for upgrades to the Hoover Dam.

Bank of Tokyo Mitsibushi UFJ continues its efforts to grow its public finance business across the U.S. by hiring Christopher Baron as a managing director in its Los Angeles office.

The governments of Los Angeles plan to issue $5.5 billion in debt over the next year, Los Angeles City Administrative Officer Miguel Santana told Los Angeles' 2nd Regional Investors Conference