Far West

An ongoing feud between San Diego Mayor Bob Filner and the city's hotel owners over the release of tourism marketing funds resumed Tuesday — little more than a week after an agreement was reached, according to a report from the Voice of San Diego.

State Controller John Chiang said Wednesday that state revenues in March came in $395 million, or 7.2%, above estimates in the governor's proposed budget.

Standard & Poor's said in a report Monday that Stockton's eligibility for bankruptcy will likely have an impact on local governments in distress.

The commercial property side of Property Assessed Clean Energy has drawn so much interest that market watchers think in a few years enough volume could exist in California to start bundling the currently privately-placed bonds to sell in the public market.

President Obama's fiscal year 2014 budget again proposed a 28% cap on tax expenditures including municipal bond interest for the top 2% of income earners, despite efforts by muni market participants lobbying against the proposal.

The National Federation of Municipal Analysts said Wednesday they have filed an amicus curiae brief in California Superior Court in support of a lawsuit filed by insurer Syncora Guarantee over laws extinguishing redevelopment agencies in the state.

San Bernardino plans to resume payments to the California Public Employees' Retirement System on July 1, but it's unlikely it will be able to repay missed payments, said Mayor Pat Morris.

The Bond Dealers of America have hired Urban Swirski and Associates to advocate for the group's legislative and policy priorities, BDA announced Wednesday.

The Federal Aviation Administration has delayed closing 149 air traffic control towers until June 15, including 14 in Florida — the largest number of facilities affected in one state.

Mary Jo White has been sworn in as the new chair of the Securities and Exchange Commission, the SEC announced Wednesday.