Far West

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.

Katherine Perez-Estolano, considered an expert in transportation and land-use planning, was appointed by California Gov. Jerry Brown to the California High-Speed Rail Authority's Board.

California Pollution Control Financing Authority is extending a program designed so that small businesses can save money if they use bonds to purchase equipment.

Moody's downgraded Sacramento County's pension obligation bonds to Baa1 from A3 but affirmed the county's A2 issuer rating.