Far West

Appeals are likely after a Superior Court judge ruled last week that a San Diego hotel room tax to finance the $520 million planned expansion of San Diego¹s convention center is legal.

Stockton and its bond market creditors will battle over whether the city should be allowed to enter bankruptcy protection during a four-day trial next week.

Congress passed a short-term funding measure Thursday to keep the federal government operating and avoid a shutdown next week.

The California High-Speed Rail Authority authorized the eventual sale of $8.6 billion of bonds to fund the first stage of a 500-mile bullet train system.

Bell, the working class Los Angeles-area city that achieved national notoriety in 2010 for the outrageous salaries of city leaders, recently scored high marks for transparency.

Four firms agreed to pay $105,000 in fines for violations of pricing, political contribution, supervisory and other rules of the Municipal Securities Rulemaking Board.

California Treasurer Bill Lockyer sent a letter Monday to state Attorney General Kamala Harris asking if it is legal for bond underwriters to provide election services to school districts.

California's revenues in February came in $322 million below projections in Gov. Jerry Brown¹s budget after rising around $5 billion a month earlier, according to the Department of Finance.

The Securities and Exchange Commission has asked a federal court in Birmingham, Ala., to set a trial date for two former JPMorgan bankers facing charges related to bankrupt Jefferson County's defaulted sewer deals.

The Joint Committee on Taxation issued a report Friday that summarizes the federal code tax provisions that affect state and local governments, including those for tax-exempt, traditional tax-credit tax, and direct-pay bonds.