Far West

The California Public Employees’ Retirement System sued Compton, Calif. for missed retirement and healthcare payments totaling $2.6 million.

Hurricane Sandy left major challenges for many municipal bond firms after the Financial District of Manhattan was hammered hard by the storm.

Market participants whose electronic systems have been affected by Hurricane Sandy may want to notify the Municipal Securities Rulemaking Board.

Steven Miller will become acting IRS commissioner after Doug Shulman finishes his five-year term on Nov. 9.

San Diego opted into two competing Property Assessed Clean Energy programs for commercial properties, both of which hope to issue bonds by early next year.

State's September revenues came in $147 million below budget estimates, leaving a $379 million gap year to date.

House Appropriations Chair Hal Rogers asked Treasury Secretary Tim Geithner to help eliminate rules requiring municipalities to defease outstanding bonds when selling or leasing their water systems to a private company.

Honolulu priced $913 million of bonds Thursday in a combined new money and refunding offering and said taxpayers saved more than $75 million.

The IRS will soon publish a report about their findings from 300 questionnaires they sent out last year to governmental and 501(c)(3) issuers about their advance-refunding procedures and post-issuance compliance, an agency official told bond lawyers at the NABL conference.

Just a week after Moody's Investors Service included Los Angeles on a list of 32 cities with bonds on watch for downgrade, city officials are contemplating 259 layoffs.