Far West

A new push is on in California to readdress whether some nonprofit hospitals deserve their tax-exempt status.

Oregon City, Ore. voters will decide on a measure to require voters to approve future bonds funded by urban renewal districts.

Moody's Investors Service downgraded North Las Vegas, Nev. to Baa2 from A3 due to the city's ongoing financial problems.

Fitch Ratings affirmed its AA-minus rating on Bay Area Toll Authority senior toll bridge revenue bonds in a report on $305 million of BATA debt set to be reoffered next month.

California State Controller John Chiang said Monday revenues in July came in $475 million below estimates in the state budget.

California plans more than $2 billion in GO bond sales this fall, including $1.6 billion Sept. 25.

Bond insurer Syncora Guarantee Inc. sued to challenge California measures dissolving local redevelopment agencies, saying they jeopardize bond payments and impair bondholder and insurer rights.

JPMorgan wants California's Peralta Community College District to make good on a type of refinancing that may now be illegal, according to a complaint filed Monday.

The Internal Revenue Service granted an extension to an issuer so that it could correct a form it filed for multi-family housing bonds without jeopardizing the tax-exempt status of the bonds, according to a recently issued private letter ruling.

Washington Bureau Chief Lynn Hume talks to Michael Decker of SIFMA