Far West

It is not time to panic despite the struggle of Detroit bondholders to regain their money, representatives of the four largest bond rating agencies told state treasurers Thursday.

The Internal Revenue Service is auditing $23.83 million of Series 2007 variable rate demand bonds issued by the Colorado Health Facilities Authority.

The Hawaii Department of Transportation Airports Division will use a financing structure uncommon for airports to pay for $150 million in energy conservation projects.

The Senate Finance Committee's top Republican said Wednesday that the bankruptcy judge's ruling Tuesday that Detroit's public pension funds could be subject to cuts is a wakeup call for Congress to consider his pension bill.

Moody's Investors Service raised its outlook on the toll road industry to stable from negative as toll revenues continue a slow but steady recovery.

California water and sewer utilities have performed well in the past year, with the average agency rated AA, according to Fitch Ratings.

Moody's Investors Service downgraded Azusa, Calif.'s water revenue bonds to A2 from A3 citing the weak financial position of the city and impacting $54 million in debt.

Boise School Board President A.J. Balukoff joined the 2014 Idaho governor’s race, seeking to unseat incumbent C.L. “Butch” Otter.

Raymond James is continuing its public finance expansion in the West with the recent addition of Parker Colvin in San Francisco.

For the first time in five years, Moody's Investors Service has revised its outlook for U.S. local governments to stable from negative, as housing markets continue to stabilize, municipalities' fund balances remain healthy and cities and school districts control their costs.