Far West

California State Controller John Chiang released a report showing the state's health care liabilities total $65 billion and suggested a way to reduce that amount.

California could see low borrowing costs next week when it brings $1.6 billion of general obligation debt to market.

The Los Angeles Department of Water and Power doesn't expect to completely work through problems associated with a new computer billing system that resulted in revenue shortfalls until year end.

The Irvine, Calif.-based Transportation Corridor Agencies has placed Chief Executive Officer Neil Peterson on leave after a dust-up involving contract approvals.

The funding level for state-sponsored defined benefit retirement systems increased to 75% in 2013 from 72% the previous year, Wilshire Consulting reported on Wednesday.

Moody's Investors Service on Feb. 28 revised its outlook from negative to positive on $3.02 billion in outstanding California Housing Finance Agency's home mortgage revenue bonds and affirmed a Baa2 rating on the bonds.

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.