Far West

The Internal Revenue Service is auditing $49.04 million of revenue bonds issued by IAH Public Facility Corp. in Polk County, Texas, in 2004 and 2006 for an adult detention facility.

The Irwindale, Calif. Sriracha chili sauce manufacturing facility now being threatened by a lawsuit from Irwindale, Calif. had been promoted as a successful use of California's now defunct redevelopment law.

The city of Berkeley, Calif. is planning a competitive offering of $15 million of general obligation bonds to finance street improvements.

Moody's Investors Service has upgraded more than $600 million of outstanding bonds issued by the Northern California Power Agency.

A five-day trial began Tuesday in one of two lawsuits filed by the San Diego County Water Authority two years ago challenging rates set by its wholesale water provider.

Hawaii's Gov. Neil Abercrombie presented a supplemental budget for fiscal biennium 2013-15 Monday that will limit expenditures and use the $844 million budget surplus from fiscal 2012-13 to bolster reserves while using cash instead of bonds for some projects.

Municipal market groups often at odds with one another are for once in agreement, with each telling the Internal Revenue Service that its proposed issue price rules are unworkable and would hurt issuers as well as the market.

Dan Heimowitz first got into public finance because of a devastating financial crisis in his hometown. Decades later, he's overseeing rulemaking covering a whole new class of regulated firms and individuals.

The University of California and a union representing more than 12,000 researchers, healthcare, and technical workers reached a tentative labor agreement this week after two years of negotiations.

California State Controller John Chiang updated his pay data website with new salary information for city and county officials.