Far West

The California Rules Committee reappointed Oscar Sablan, a Firebaugh, Calif. physician, to the California Health Facilities Financing Authority.

The California Department of Finance reported that state revenues rose $5 billion above estimates in the governor's budget mainly resulting from a jump in personal income tax receipts.

President Obama's proposal for a Build-America-Bonds-like program for infrastructure has its roots in a proposal by the Los Angeles County Metropolitan Transportation Authority, and some infrastructure analysts say it represents a pro-business pivot from the White House.

More than half of the Los Angeles City Council and a new mayor will be grappling with the city's still fragile financial picture.

California announced it will sell $2.73 billion of general obligation bonds in March, the state's first sale since its Standard & Poor's upgrade.

A new Reason Foundation study analyzing road trends over the past two decades challenges claims of "crumbling infrastructure," which have been used by transportation advocates and policymakers as justification for everything from higher taxes to new or expanded bond programs.

Compton, Calif., a city that skirted bankruptcy last year, on Tuesday secured a buyer in Wells Capital for a $5 million note thanks in part to a lockbox payment structure.

The Municipal Securities Rulemaking Board should harmonize its rules with those of other regulatory agencies, conduct thorough analysis of the costs imposed by its rules and clarify language in the rules to make them less ambiguous for market participants and compliance examiners, said comment letters filed with the board in recent days.

Stockton, Calif., has shot back at challenges to its eligibility for bankruptcy protection ahead of a hearing set for next week.

Twin Falls, Idaho, plans to close Thursday on a $34.5 million privately placed bond to fund new infrastructure to support greek yogurt manufacture Chobani's new $450 million plant there.