Far West

The California Public Employees’ Retirement System on Monday reported a 20.7% return on investments in early estimates for the fiscal year ending in June.

A California appellate court will hear a public employee union’s appeal next month after a court denied a lawsuit over the Presidio Parkway public-private partnership.

The San Diego City Council agreed Monday to pay $70 million in redevelopment funds to the state as part of new budget legislation, according to the local press.

Moody’s Investors Service downgraded the San Francisco Public Utilities Commission’s water revenue bonds Monday to Aa3 from Aa2.

WASHINGTON - The Metropolitan Washington Airports Authority board of directors did a turnaround on Wednesday and voted 11 to 1 to approve the construction of an above-ground station for the metrorail extension to Dulles International Airport.

WASHINGTON - Transportation advocates told members of Congress on Wednesday that a healthy tax-exempt bond market, an expansion of the use of private-activity bonds, and the reinstatement of Build America Bonds would help finance much-needed infrastructure improvements.

SAN FRANCISCO - A controversial Alaska public-private partnership toll bridge project has moved a step ahead this month despite years of hurdles.

WASHINGTON - A closely watched appeals court case that could determine whether investors may sue firms over allegedly faulty disclosure for auction-rate securities has pitted the Securities and Exchange Commission against a broker-dealer group.

The failure of lawmakers in Washington to come to grips with a fast-approaching deadline to boost the federal debt ceiling is beginning to affect the municipal bond market.

SAN FRANCISCO - California redevelopment agency proponents have filed a lawsuit in state Supreme Court to block laws that would kill or drastically curtail the RDAs to fill a gap in the recently adopted budget.