Far West

SAN FRANCISCO — As Gov. Jerry Brown readies the release of his second shot at a balanced budget next week, the California bond market has become hamstrung by the delay.

WASHINGTON — The Bartram Park Community Development District in Jacksonville, Fla., has received an audit notice from the Internal Revenue Service for $28.7 million of special assessment municipal bonds issued in 2005.

WASHINGTON — The U.S. Treasury will hit the statutory federal debt ceiling on Monday when its three-year and 10-year notes settle.

WASHINGTON — Prospects look dim for U.S. airports to obtain the authority to charge higher passenger facility charges, which would generate more revenue to back bond issues.

WASHINGTON — The National Federation of Municipal Analysts is considering developing a pension-disclosure white paper that could be completed by early 2012.

Senate Commerce Committee chairman Jay Rockefeller D-W.Va., introduced a bill Wednesday that would create a national infrastructure bank and fund it with $10 billion over two fiscal years.

SAN FRANCISCO — Vallejo, Calif., will likely exit Chapter 9 bankruptcy by the end of July as it nears deals with two of its unions, according to attorneys.

WASHINGTON — The Internal Revenue Service’s tax-exempt bond office has received referrals of around 30 whistleblower claims of potential abuses in the municipal bond market, an official said Friday.

The National Federation of Municipal Analysts recognized four members, including one who was honored posthumously, with awards for meritorious service and career achievement.

SAN FRANCISCO — California Gov. Jerry Brown will release a revised budget next week that will outline plans to close a $15 billion hole after he hit firm resistance to his original budget-balancing plan.