Far West

The IRS is auditing $650 million of general obligation school bonds Clark County, Nev. School District issued in 2007 and $50 million of general obligation water and sewer bonds Fernley, Nev. Issued in 2007.

No one can be certain, at this point, if more distressed cities in California will follow the path of Stockton, San Bernardino and Mammoth Falls, and file bankruptcy.

Concerns about bankruptcies in California and their impact on the municipal market are still front and center for investors in the Golden State though market participants don't expect a large number of new Chapter 9 filings.

Seattle and King County leaders voted in favor of a memorandum of understanding to build a pro sports arena in the city's southern downtown area using $200 million of bonds.

Honolulu plans to sell $890.36 million of general obligation bonds during the week of Oct. 22 with Bank of America Merrill Lynch as Underwriter.

Vernon, Calif., the scandal-ridden Los Angeles County city that narrowly avoided being disincorporated in 2011, now faces allegations of voter fraud.

Former Los Angeles Mayor Richard Riordan has filed papers to launch a signature-gathering campaign to place a pension reform initiative on the city's May ballot.

An early plan to bring build an arena to bring the NBA Golden State Warriors across the bay to San Francisco would cost around $1 billion.

Alaska voters decide on a $453 million transportation bond next month, though questions remain over a project at the Port of Anchorage that would receive $50 million in bond proceeds.

Robert Henn, acting director of the Internal Revenue Service's tax-exempt bond office, will retire from the agency at the end of the year.