Far West

Pensions are expected to pose a continued, and in some cases, rising source of budgetary pressure for local governments, a new Fitch Ratings report found.

Former U.S. Attorney Mary Jo White was unanimously confirmed by the Senate on Monday to serve as chairman of the Securities and Exchange Commission.

The IRS is auditing $10.24M of bonds issued by the town of Castle Rock, Colo., in 2008.

Speakers at a California League of Cities meeting held Thursday night in Monterey Park differed vastly in their opinions on the threat pension liabilities pose to local governments.

The Municipal Securities Rulemaking Board will hold an on-the-record briefing about municipal securities at a National Press Club luncheon on May 8 to attempt to educate a wider audience of journalists about the municipal market.

Now the question is how long will it take Stockton to exit bankruptcy? And how will Stockton reorganize its debts to put the city on a path to fiscal stability?

Finance officials for San Bernardino, the southern California city going through bankruptcy proceedings, plan to present a balanced budget that includes future payments to CalPERSg.

A new study released by the Federal Railroad Administration lays out numerous diverse options for high-speed rail investment in the nation's heavily-populated Northeast corridor.

The number and scope of investment projects will decrease for state and local governments if a federal limit is placed on tax-exemption for municipal bonds, the National League of Cities warned in a survey released Thursday.

Moody's Investors Service on Monday downgraded the general obligation bonds of Boise County School District No. 73's general obligation bonds to Ba1 from Baa1.