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Los Angeles Passes $8.6 Billion Budget
The Los Angeles City Council on Thursday passed an $8.6 billion balanced city budget for fiscal year 2015-2016.
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The West Ada School District has sold $96 million in bonds for construction of three schools and completion of Meridian High School's expansion.  more »
Standard & Poor’s placed A-plus rated California on CreditWatch Positive  more »
San Bernardino, Calif. enters the final stage of its Chapter 9 bankruptcy with a plan for its pension obligation bondholders to take it on the chin.  more »
In a low-profile election with small voter turnout, a $6 million property tax measure to buy new equipment for the Coeur d'Alene, Idaho Fire Department and fund other public safety priorities cruised to passage Tuesday.  more »
San Diego officials said the city will begin negotiations with the Chargers football team after a citizens' committee provided Mayor Kevin Faulconer with its final report.  more »
Container volumes at the Port of Los Angeles dropped 6% in April compared to the same period last year, according to port officials.  more »
San Bernardino, Calif. is now planning to give bondholders significantly worse treatment than they have received in any municipal bankruptcy to date, Moody’s Investors Service said in a comment piece.  more »
After three years of negotiations, the Los Angeles Department of Water and Power is seeking final approval to sell its 21.2% stake in the coal-fired Navajo Generating Station in Page, Ariz., to the Salt River Project.  more »
The Orange County Water District board voted to approve a water reliability agreement term sheet with Poseidon Water, developer of a desalination plant.  more »
California Gov. Jerry Brown's new budget proposal offers a state earned income tax credit, a large increase in K-12 education spending, and a big deposit in the state rainy day fund.  more »
California charter school chain Magnolia Public Schools will rekindle its growth plans after settling a lawsuit against the Los Angeles Unified School District, which had tried to shut down Magnolia’s schools there.  more »
Standard & Poor’s revised its outlook to negative from stable on Partnerships to Uplift Communities Project Schools, Calif.’s BB-plus rated charter school revenue bonds.  more »
San Francisco Mayor Ed Lee announced on May 12 a proposal to put a $250 million affordable housing general obligation bond on the November ballot.  more »

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