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L.A.'s Garcetti Says Budget Represents Progress
Los Angeles city officials say Mayor Eric Garcetti's 2015-16 budget proposal takes another large step forward toward resolving the city's structural deficit.
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A California appellate court's decision could reduce the economic flexibility of local governments and water utilities that analysts are already concerned could struggle to raise revenue in the arid conditions.  more »
The state auditor both praised and criticized realignment and the health of the prisoners is still under federal receivership.  more »
Fitch Ratings assigned an F1-plus rating to Riverside, Calif.'s plans to refund $30 million in taxable pension obligation bond anticipation notes, and also affirmed the ratings on another $112 million in debt.  more »
San Diego Mayor Kevin Faulconer launched a plan to cut red tape and make it easier for the city to move forward on a program to repair its streets and sidewalks.  more »
Standard & Poor's downgraded revenue bonds for the North Kern Water Storage District, Calif. to A-plus on volatile financial performance.  more »
California's primary strategy for coping with its record drought was upended by an appeals court that found charging the state's biggest water users higher rates violates a law passed by voters.  more »
Proposed state legislation in California would raise the gasoline tax to generate an additional $3 billion a year for transportation projects.  more »
Fitch ratings has revised the outlook to stable from negative for $414.4 million of North Las Vegas, Nev., bonds, and affirmed the rating at B.  more »
Los Angeles Unified School District officials stand behind their disclosure after the U.S. Securities and Exchange Commission opened an informal inquiry into the district’s compliance with legal guidelines in the use of bond proceeds to buy iPad tablets.  more »
Moody's Investors Service upgraded the Sacramento Municipal Utility District Financing authority's outstanding bonds ahead of plans to price a $195 million refunding of electric revenue bonds on April 22.  more »
Rising retirement benefit costs are threatening municipal services in California and the problem will worsen short-term, according to a Manhattan Institute report.  more »
A $15.1 billion, 16-year transportation package proposed by Washington State House Democrats includes more than $8 billion of new projects to be funded with an increase in the state gasoline tax and up to $4.3 billion of state general obligation bonds.  more »
Los Angeles Mayor Eric Garcetti took aim at earthquakes, drought and increased police protection in his State of the City speech Tuesday.  more »

This week, we discuss a new measure of pension funding, examine the impact of oil prices on labor markets in oil dependent States and discuss changing levels of food stamp participation.

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