LOS ANGELES -- Voters in the western United States were in an ambivalent mood on Tuesday when it came to approving municipal bonds.

They rejected California's $1 billion rail initiative, but they gave the thumbs-up to $475 million of transit bonds in Portland, Ore.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.