Nevada

North Las Vegas could face a budget shortfall of more than $15 million next year unless employee unions again agree to substantial concessions, according to published reports.

LOS ANGELES - A judge rejected the Las Vegas Monorail Co.'s third amended plan to exit bankruptcy on Friday even though 97% of the bondholders voted in favor of it.

Standard & Poor's Tuesday lowered its ratings on $36.5 million of outstanding debt held by the Reno Redevelopment Agency.

LOS ANGELES - The Reno Redevelopment Agency in Nevada recently went into technical default on a bond issue, and its larger fight for solvency has triggered a funding squabble with Washoe County.

Fitch Ratings dropped its rating to A from A-plus on $26.7 million of limited-tax general obligation bonds issued by North Las Vegas on Oct. 19.

LOS ANGELES - The crash of Nevada's real estate market is continuing to take a big bite out of the state's municipal bond market.

LOS ANGELES - A confirmation hearing on the Las Vegas Monorail's plans to exit bankruptcy that had been slated this week was postponed after bondholders, the insurer, and the issuer all balked.

Moody’s Investors Service has downgraded Nye County’s limited-tax general obligation debt to A3 from A1, affecting $28.47 million of outstanding bonds.

SAN FRANCISCO - In one of the most complicated bankruptcy cases involving municipal debt, Las Vegas Monorail Co. bondholders are battling on multiple fronts to try and ­recover some of their money.

The financial troubles in North Las Vegas may be getting so bad the state government may step in, according to local press reports.

Moody's Investors Service has downgraded North Las Vegas' general obligation bonds two notches to A1 from Aa2 because of major declines in the city’s tax base.

Nevada Treasurer Kate Marshall issued a statement earlier this month in reaction to what she considered misreporting on the state's debt burden.

The Las Vegas Monorail has been given court permission to send its bankruptcy-exit plan to creditors for a vote.

Nevada and Las Vegas retained the top spots in the nation for foreclosures, according to RealtyTrac.

The Nevada Assembly approved a bill Tuesday to support a public-private partnership to build a bypass toll road around Boulder City.

Nevada Gov. Brian Sandoval and legislative leadership announced a budget deal Wednesday.

Nevada Treasurer Kate Marshall has announced she will run for Congress in hopes of filling a seat left vacant by a Republican named to the U.S. Senate, according to local news reports.

ALAMEDA, Calif. — Nevada received its second downgrade of the month Thursday when Moody’s Investors Service dropped its general obligation bonds to Aa2 from Aa1.

ALAMEDA, Calif. — Las Vegas Monorail Co. bondholder Eaton Vance has broken with other large holders of the bankrupt project’s debt to challenge the settlement that trustee Wells Fargo Bank NA negotiated with Wisconsin state regulators to commute the monorail’s bond insurance policy.

ALAMEDA, Calif. — Collapsing property values and a threatened Nevada funding raid led all three major ratings agencies to take negative actions this week on the Clark County School District.