Far West

Stockton, Calif. formally filed for Chapter 9 municipal bankruptcy Thursday.

A feud between San Jose and Santa Clara County, Calif. over redevelopment tax money that may have led to defaults and has spread uncertainty across the sector appears to have ended.

Gov. Jerry Brown has signed a budget that closes an estimated $15.7 billion budget deficit for the fiscal year that starts Sunday.

Moody's Investors Service affirmed its Aaa rating on King County, Wash. unlimited tax GO bonds, and its Aa1 rating for its limited tax GOs.

Moody's Investors Service Tuesday affirmed Billings, Mont.'s general obligation debt at Aa2 ahead of a GO bond sale.

A California ballot initiative that would have increased taxes on cigarettes by $1 a pack appears to be finally dead after a tight vote

California's general fund revenues for May came in $176 million below estimates in Gov. Jerry Brown's May budget proposal

Standard & Poor's lowered its rating on Stockton, Calif., to D from "selective default" after the city said it would file for Chapter 9 bankruptcy.

Moody's Investors Service downgraded various debt supported by Stockton, Calif.'s general fund to Caa3 after the city announced it would skip payments as it enters bankruptcy.

The municipal market will carefully watch the bankruptcy of Stockton, Calif., set to become the third largest debt issuer to file for Chapter 9 protection.