Randall Jensen

Stockton, Calif. has proposed a plan to slash more than $10 million of debt payments to balance its budget while at the same time declaring bankruptcy, if negotiations with creditors fail by Monday's deadline.

SAN FRANCISCO — Moody's Investors Service's recent downgrade to junk of California redevelopment bonds has triggered complaints from state officials, but little evident stir in the market.

SAN FRANCISCO — California lawmakers passed a budget bill last week, but left a lot of details to fill in before the new fiscal year starts July 1.

As state and local governments grapple with the costs of their employees' retirements, elections in two big California cities may signal a sea change in the pension reform debate.

Oregon Treasurer Ted Wheeler said the state has saved more than $60 million in the first half of the year by refunding bonds.

California’s consumer confidence index increased 2.7% to 92.3 in the second quarter of the year, the highest confidence level since 2007, according to the Chapman University’s Anderson Center for Economic Research.

The California State Association of Counties has slammed part of a Democratic budget plan in which the state would use $250 million of “pass-through” payments out of property tax increment that had been allotted to counties from the now closed redevelopment agencies.

Fitch Ratings said in a report this week that the credit quality of California’s water agencies is expected to remain strong amid challenges.

Alaska Railroad’s bonds appear to be safe despite uncertainty surrounding federal grants that back them, according to reports.

SAN FRANCISCO - Moody's Investors Service downgraded all California tax-allocation bonds to junk status Thursday.

Moody’s Investors Service said in a report Wednesday the likelihood is growing that Stockton, Calif., will default on its debt as mediation with creditors nears a June 26 deadline and bankruptcy looms.

SAN FRANCISCO — As California lawmakers work this week to hammer out a balanced budget by Friday’s deadline, Standard & Poor’s weighed in Monday with its take on the state’s dysfunctional spending plan.

Moody's Investors Service downgraded $1.75 billion of San Jose Redevelopment Agency bonds to junk after the city of San Jose said a default was possible because of a conflict over tax revenue with Santa Clara County.

According to California state law, lawmakers only have a week left to wrestle a budget over to the governor's desk, and they just started tackling the beast.

Moody’s Investors Service said the upcoming redemption of Idaho housing bonds is a positive for investors.

Fitch Ratings downgraded $93 million of bonds issued on behalf of Aspire Public Schools to junk because of a lawsuit that could end the charters for half of its schools.

The struggling city of Hercules, Calif., got two boosts from voters on Tuesday.

Voters in California Tuesday appeared to reject a ballot initiative that would have increased taxes on cigarettes by $1 a pack.

California voters Tuesday overwhelmingly approved a proposition that changes term limits for lawmakers.

SAN FRANCISCO — Voters in California' statewide primary Tuesday approved 23 local general obligation bond measures, authorizing $1.856 billion in debt, according to a preliminary report from CaliforniaCityFinance.com.