Far West

Real estate development firm Majestic Realty Tuesday announced a proposal to build a new football stadium at the University of Nevada, Las Vegas, with the help of tax-increment bond financing.

Sacramento will have to increase its annual contribution to the California Public Employees Retirement System by $5 million this year because of investment losses by Calpers in 2008, according to local media.

Fitch Ratings Tuesday downgraded $75 million of bonds issued for the University of Redlands by three notches because of dire finances.

WASHINGTON — A significant number of municipal issuers are not filing timely or useful secondary market disclosure data, hampering the ability of investors or analysts to make good investment decisions, DPC DATA warned in a study released Thursday.

WASHINGTON — State rainy-day funds plunged by 70% or $21.3 billion from fiscal 2006 to fiscal 2010, underscoring how depleted state funding cushions have gotten as they prepare fiscal 2012 budgets without federal stimulus aid, according to a report released Thursday.

WASHINGTON — States strongly oppose Congress drafting legislation allowing them to file for bankruptcy protection, which is not needed and would actually hurt them as well as the markets, economists and a representative of the National Governors' Association warned members of the Senate Budget Committee Thursday.

ALAMEDA, Calif. — Conflict looms when Nevada lawmakers convene Monday to map out a budget for their recession-battered state.

SAN FRANCISCO — Anschutz Entertainment Group is pushing a $1 billion plan to build a football stadium and events center in downtown Los Angeles that could involve hundreds of millions of dollars of new debt and the retirement of outstanding bonds.

WASHINGTON — The District of Columbia released its comprehensive annual financial report for fiscal 2010 on Monday as its chief financial officer warned against letting the surplus in the general fund slip further in fiscal 2012, which will begin on Oct. 1.

WASHINGTON — California is not the first municipal issuer to prohibit underwriters from passing along industry trade-group fees to taxpayers through bond transactions.