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The Rockefeller Foundation selected eight cities to participate in the RE.Invest Initiative, a national effort to support sustainable infrastructure that includes financial advice on P3 options. more »
The California Controller's office determined in a review that the successor agency to Riverside's redevelopment agency is not only in current possession of $30.5 million in real property that it is no longer legally entitled to hold, but that it inappropriately transferred another $64.25 million in real property to the city. more »
Moody's Investors Service said a recent less-conservative analysis of California revenues increases the likelihood the Legislature will pass a budget with higher revenues and higher spending. more »
Three-term City Councilman Eric Garcetti replaces termed-out Los Angeles Mayor Antonio Villaraigosa on July 1st following a hotly-contested run-off. more »
A judge last week ruled in favor of the San Diego County Water Authority in the water authority's battle with the Los Angeles-based Metropolitan Water District of Southern California over rate increases. more »
California's budget watchdog said it expects revenues to come in more than $3 billion higher than estimated in Gov. Jerry Brown's revised budget. more »
Transportation Corridor Agencies said Neil Peterson will become its new chief executive officer. more »
Standard & Poor's said California Gov. Jerry Brown's revised budget released this week that projects lower revenues has little impact on the state's credit rating. more »
Moody's Investor Service said it has assigned an Aa1 rating to California's Department of Water Resources Central Valley Project System revenue bonds ahead of a sale. more »
A bill that would tax energy-efficient vehicles for using the road is moving through the Oregon legislature, according to local reports. more »
Moody's Investors Service has raised the general obligation bond rating of the San Mateo-Foster City School District to Aa1 from Aa2, affecting $138 million in outstanding debt. more »
California Gov. Jerry Brown's revised general fund budget proposal released Tuesday cuts general fund spending by $1.3 billion from his January proposal amid lower revenue forecasts. more »
No flood of bond defaults will spread through California cities in the near future, just possibly a smattering, according to a new academic study. more »
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A networking group for government officials, municipal bond professionals & decision-makers, driven by The Bond Buyer, which dominates municipal bond market coverage with daily breaking news through the printed daily paper, bonus distributions, live events and online at TheBondBuyer.com.
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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.
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