Far West

Hawaii State Rep. Denny Coffman announced on Dec. 9 that he will resign later this month to care for his sick daughter.

John Perez, Speaker of the California Assembly, and a candidate for State Controller, has received the endorsement of State Treasurer Bill Lockyer.

Angela Spaccia, former Bell, Calif. deputy city manager, was found guilty on 11 felony counts of defrauding the city of millions of dollars.

California revenues for the month of November came in below estimates, but year-to-date revenues are still positive, according to a report from State Controller John Chiang.

A bankruptcy judge's ruling in Detroit that pensions aren't a distinct class from other creditors could bolster movement in that direction in the San Bernardino bankruptcy.

California's recently proposed $25 billion water plan to restore the depleted Sacramento-San Joaquin Delta will include a mixture of state and federal funding, as well as several bond issues.

California's Department of Water Resources announced a five-year low for its water allocation rate, which is a credit negative for the state's water enterprises, according to Moody's Investors Service.

Los Angeles withdrew two requests for proposals seeking financial advisors that were the subject of a protest letter from Texas-based broker dealer and financial advisor FirstSouthwest, because underwriters were excluded from applying.

Foothill/Eastern Transportation Corridor Agency, Calif. is drawing a lot of interest from investors on $2.2 billion in toll revenue bonds it plans to price Dec. 12 to restructure its outstanding debt.

Washington State Treasurer James McIntire is urging the Internal Revenue Service not to adopt its proposed issue price rules, warning they would increase issuers' borrowing costs.