Far West

California¹s cash flow has improved enough to allow to the state to release more funds than it planned to schools, local governments and other programs.

The San Diego County Water Authority's board of directors approved a $3 billion water purchase agreement with Stamford, Conn.-based Poseidon Resources that will allow a Carlsbad seawater desalination plant to move forward.

Dinuba, Calif., will be the first municipality to issue refunding bonds for debt issued by a redevelopment agency in the state since they were dissolved last year.

Los Angeles World Airports' success in managing a multi-billion dollar expansion project is likely to be parlayed into a receptive environment for its $269 million bond pricing next Wednesday.

Moody's Investors Service downgraded the Beaverton, Ore. school district’s underlying unlimited tax general obligation bond rating to Aa2 from Aa1.

The Idaho Housing Finance Association earned a AAA rating from Fitch Ratings in front of plans to privately place a $202.6 million refunding of mortgage bonds.

Maui County, Hawaii Mayor Alan Arakawa said the county's decision to price $70.2 million in bonds competitively worked out well with all-in interest costs of 2.18%.

Hawaii sold $866.9 million of general obligation bonds in mid-November achieving an all-in interest cost of 2.6%, Finance Director Kalbert Young said.

The Bay Area Toll Authority, Calif.’s $5.3 billion of senior bonds kept their Aa3 rating from Moody’s Investors Service.

The National League of Cities has tapped Clarence E. Anthony, a former mayor and NLC president, to become its new executive director early next year.