Far West

Three-term City Councilman Eric Garcetti replaces termed-out Los Angeles Mayor Antonio Villaraigosa on July 1st following a hotly-contested run-off.

More than a year into a battle between the San Diego County Water Authority and the Los Angeles-based Metropolitan Water District of Southern California over rate increases, the central issues appear to be far from resolved.

California's budget watchdog said it expects revenues to come in more than $3 billion higher than estimated in Gov. Jerry Brown's revised budget.

Transportation Corridor Agencies said Neil Peterson will become its new chief executive officer.

Standard & Poor's said California Gov. Jerry Brown's revised budget released this week that projects lower revenues has little impact on the state's credit rating.

Moody's Investor Service said it has assigned an Aa1 rating to California's Department of Water Resources Central Valley Project System revenue bonds ahead of a sale.

A bill that would tax energy-efficient vehicles for using the road is moving through the Oregon legislature, according to local reports.

Moody's Investors Service has raised the general obligation bond rating of the San Mateo-Foster City School District to Aa1 from Aa2, affecting $138 million in outstanding debt.

California Gov. Jerry Brown's revised general fund budget proposal released Tuesday cuts general fund spending by $1.3 billion from his January proposal amid lower revenue forecasts.

No flood of bond defaults will spread through California cities in the near future, just possibly a smattering, according to a new academic study.