Nevada

Reno, Nevada, conducted a special budget workshop July 15 in an attempt to plug a $2 million hole created when a Washoe County District Judge filed an injunction on June 24 preventing the city from laying off 33 firefighters

Reports last week of a push for Chapter 9 legislation by North Las Vegas were "factually inaccurate," according to Ryann Juden, a spokesman.

Moody's Investors Service Tuesday downgraded $975 million in outstanding Clark County, Nevada Airport Enterprise senior lien bonds to Aa3. The bonds are for Las Vegas' McCarran International Airport.

Nearly insolvent North Las Vegas is facing the same four factors that contributed to the financial distress of Harrisburg, Stockton and Detroit, according to a recent report from Fitch Ratings.

Fitch Ratings maintained a junk rating and negative outlook on $422 million in North Las Vegas' bonds based on a tentative budget and indications that a state takeover appears unlikely in the near term.

Moody's says that tentative settlement agreements mean North Las Vegas, Nev. is less likely to be taken over by the state as it rushes to present a tentative budget to the state.

Moody's Investors Service said the deteriorating fiscal situation in North Las Vegas increases the likelihood of state intervention.

Fitch Ratings warns that North Las Vegas could become insolvent as officials in the suburb of Las Vegas have identified no clear plan to address a large deficit.

Nevada Gov. Brian Sandoval has named Julia Teska as his new budget chief and director to replace Jeff Mohlenkamp who will retire on April 4.

Term limits are forcing an election-year shuffle in Nevada's finance positions.

Las Vegas received a revised outlook to stable from negative from Fitch Ratings which affirmed its AA rating for limited-tax general obligation bonds.

Standard & Poor's Rating Services joined two other rating agencies in lowering the rating on North Las Vegas’ limited-tax general obligation debt to junk. The outlook for the Las Vegas suburb is junk.

Amid worsening drought that has lowered the level of Lake Mead, The Arizona Power Authority is preparing to issue $25 million of taxable revenue bonds for upgrades to the Hoover Dam.

Sales of municipal bonds in the Far West bucked the national trend in 2013 by rising from 2012, as new money swapped with refundings as the market driver in the region.

Troubled North Las Vegas received two downgrades to its already junk-rated debt after a judge ruled against a state of emergency the city employed last year to avoid honoring union contracts.

Baltimore-based developer The Cordish Companies has until June to submit a proposed financial agreement to the Las Vegas City Council to develop a $390 million arena and entertainment district.

The Nevada Board of Finance on Tuesday approved a $100 million bond to help fund a $1 billion highway widening project on a nearly two-mile stretch of Interstate-15 that provides access to major Las Vegas resorts.

The Internal Revenue Service has chosen to audit $65 million of general obligation, limited tax, school improvement bonds issued by the Washoe County, Nev. School District in 2007.

Nevada secured two Triple-A ratings and a Double A-plus rating ahead of plans to price $573 million in unemployment compensation fund special revenue bonds on Oct. 29.

Nevada plans to price $650 million in unemployment insurance revenue bonds on Oct. 29 to repay the federal government for outstanding balances.