Far West

LOS ANGELES — Los Angeles Controller Wendy Greuel has released an economic forecast projecting a $200 million deficit next year and recommending that the city focus on structural budgetary changes instead of relying on one-time revenues and expenditure deferrals.

SAN FRANCISCO — Standard & Poor's downgraded Stockton, Calif., for the third time in less than two weeks, to "selective default" from CC.

The Municipal Securities Rulemaking Board has asked the Securities and Exchange Commission to approve a new rule that would govern the activities of broker's brokers, which typically provide secondary market liquidity for retail investors in the municipal securities market.

A Superior Court judge on Wednesday denied a request for an injunction from a San Diego hotel workers union seeking to block a vote on a special tax to fund the San Diego Convention Center expansion.

Though plentiful doubts remain about California's ability to balance its budget, those concerns were no deterrent to bond investors recently.

Seattle’s Highway 99 tunnel project is now expected to only get half of the expected $400 million to pay for construction costs from tolls, according to the Seattle Times.

The Idaho House Revenue and Taxation Committee on Tuesday approved HB 563, a measure that permanently cuts individual and corporate income taxes for top earners.

A 25-year-old San Diego utility customers advocacy group is disbanding in the wake of a federal grand jury investigation into its business practices and leadership.

The Los Angeles City Council on Wednesday approved a diluted version of a bill that would have forced the city to stop doing business with banks that had poor lending records in the city.

Sacramento, Calif., leaders and the owners of the National Basketball Association’s Sacramento Kings announced a tentative deal Monday to build a new arena in the city.