Far West

The assessed value of all property in Los Angeles County increased for the first time in three years.

Legislation has been shelved in California that would have granted cities, counties, and school districts new taxing authority, according to press reports.

Los Angeles officials Monday offered a financing plan for a new football stadium downtown that includes $275 million of tax-exempt bonds.

California Gov. Jerry Brown signed legislation Monday that requires city officials to disclose their compensation for attending simultaneous or back-to-back meetings. The new law forces a clerk or member of the local legislative body to verbally announce the amount paid to the members.

The San Francisco Municipal Transportation Agency has hired a new head. Edward Reiskin will lead the agency after serving in the top spot at the city’s Department of Public Works.

WASHINGTON - Some airport bond ratings could be hurt by the congressional stalemate over funding the Federal Aviation Administration, according to credit rating analysts.

WASHINGTON - With lawmakers in Washington still deadlocked over a debt-ceiling solution, public finance attorneys are evaluating what the effects of a U.S. downgrade would be on the municipal bond market.

SAN FRANCISCO - The California Treasurer's Office has admitted law firm Polsinelli Shughart PC into the state's bond counsel pool.

CHICAGO - The Governmental Accounting Standards Board has assembled a group of 25 public employers and pension plans to "field test" the implementation of its proposed changes to state and local governments pension accounting standards, according to the organization's research manager.

WASHINGTON - The Municipal Securities Rulemaking Board would begin collecting a $300 annual assessment from municipal advisers beginning this fall if the Securities and Exchange Commission approves the proposal the board filed with it on Tuesday.