Far West

WASHINGTON — Airports would receive steady funding until August, and the federal government would reclaim $17.4 million of unused transit funding this fiscal year, if two separate bills approved this week by the Senate and a House committee become law.

WASHINGTON — The Metropolitan Washington Airports Authority’s outlook was revised to negative by Moody’s Investors Service on Wednesday, ahead of a $350 million revenue bond transaction it has scheduled for later this month.

ALAMEDA, Calif. — Fiscal 2011 dawned on California Thursday without a state budget in place.

ALAMEDA, Calif. — California this week selected a group led by Meridiam Infrastructure to be its preferred partner for the state’s first public-private partnership for a courthouse.

ALAMEDA, Calif. — An $11.4 billion water bond measure may be yanked from California’s November ballot.

WASHINGTON — The Securities and Exchange Commission on Wednesday unanimously adopted rules designed to prevent investment advisers from making political contributions to elected officials to obtain business from state and local pension funds, investment pools and college savings accounts.

Congress’ failure to pass a six-month extension of enhanced federal matching funds under the Federal Medicaid ­Assistance Program will deprive states of billions of dollars in expected revenue, lead to drastic cuts in programs and result in the loss of thousands of jobs, 13 governors warned Wednesday.

WASHINGTON — About 30 states must revisit their fiscal 2011 budgets to compensate for the loss of expected enhanced federal matching Medicaid funds that were in a jobs bill Congress failed to approve last week.

Combined state and local government tax receipts rose modestly in the first quarter as the revenue sources most sensitive to swings in the economy picked up along with economic growth.

The House yesterday unanimously approved legislation that would extend airport funding for one month and give airports the ability to collect passenger facilities charges, which they often use to repay bonds.