Far West

California Gov. Jerry Brown revised general fund budget released Tuesday cuts general fund spending by $1.3 billion from his earlier proposal amid lower revenue forecasts for the next fiscal year.

California cities have seen some financial improvements, but they will continue to face challenges in the next few years, Moody's Investors Service said in a recent report.

The Treasury Department has made no decision about whether to continue or halt sales of State and Local Government Series Securities when the suspension of the debt ceiling expires on May 19, but in either case would honor any subscriptions received before that date, an official said.

A California bill to block financial firms with an interest in debt sales from participating in school bond elections passed the state Assembly Monday.

San Bernardino, Calif., and creditors like CalPERS can't agree what numbers to argue over as the city prepares to ask a federal judge to declare it eligible for bankruptcy.

Orange County, Calif. loses its dispute with state Department of Finance over more than $73 million in property taxes in a conflict with roots in the county's bankruptcy.

The National Federation of Municipal Analysts has given Washington state its Excellence in Disclosure Award.

Hawaii State legislators killed a bill that would have reduced the state's take of a surcharge designated to pay the costs of a $5.2 billion elevated rail now under construction in Honolulu, according to the Honolulu Star Advertiser.

Unexpectedly strong income tax revenues are outpacing the growth in sales taxes receipts during the tepid economic recovery differing from previous recoveries when the opposite was true, according to a Standard & Poor's report.

The Los Angeles City Council approved a $4.76 billion Los Angeles International Airport plan to move the northernmost runway closer to homes in Westchester and Playa del Rey.