Randall Jensen

A coalition has launched a bid to force Sacramento leaders to put the city’s $250 million commitment to a new National Basketball Association arena on the ballot.

SAN FRANCISCO — California Gov. Jerry Brown's proposed budget would likely cause a "substantial" amount of fiscal uncertainty for the state's school districts, Fitch Ratings said in a report released Tuesday.

SAN FRANCISCO — California has scheduled a $1.3 billion new-money and refunding bond sale for next month.

SAN FRANCISCO — Seattle-Northwest Securities Corp., a municipal bond broker and dealer, said board member Karl Leaverton will replace Maud Daudon as its new president and chief executive.

National Public Finance Guarantee Corp. and Assured Guaranty Corp. will participate in debt-restructuring talks with Stockton, Calif., under a new state law meant to help municipalities avoid bankruptcy.

Stockton, Calif.'s bond defaults have already started a legal tug-of-war with insurers.

California revenues in February fell short of projections again in Gov. Jerry Brown’s proposed budget, according to state agencies.

California Gov. Jerry Brown has reached a compromise that will leave just one tax initiative on the November ballot.

Hercules, Calif., said it has tentatively settled a $4 million lawsuit brought by Ambac Assurance Corp. over a default by the city's redevelopment agency.

SAN FRANCISCO — In an attempt to reassure some investors, Stockton, Calif., officials said Thursday that bonds tied to its utilities will be undamaged by the city's effort to restructure its general fund debts as it tries to avoid bankruptcy.

The City Council of troubled Hercules, Calif., voted Tuesday to put a half-cent sales tax on the June ballot.

San Jose city leaders voted Tuesday to ask residents to decide on pension reform.

SAN FRANCISCO — The National Federation of Municipal Analysts warned Wednesday that uncertainty surrounding California redevelopment agencies' $23 billion of debt could lead to further defaults.

SAN FRANCISCO — Stockton is not alone. The ski town of Mammoth Lakes is also using a new California state mediation law to try to avert Chapter 9 bankruptcy.

SAN FRANCISCO — Standard & Poor's downgraded Stockton, Calif., for the third time in less than two weeks, to "selective default" from CC.

SAN FRANCISCO — Davidson Fixed Income Management said it has signed an agreement to acquire SeaCap Investment Advisors.

Though plentiful doubts remain about California's ability to balance its budget, those concerns were no deterrent to bond investors recently.

Seattle’s Highway 99 tunnel project is now expected to only get half of the expected $400 million to pay for construction costs from tolls, according to the Seattle Times.

Sacramento, Calif., leaders and the owners of the National Basketball Association’s Sacramento Kings announced a tentative deal Monday to build a new arena in the city.

Standard & Poor’s and Moody’s Investors Service further downgraded Stockton, Calif., bonds this week after its City Council voted to delay bond payments and enter negotiations with creditors to try to avoid bankruptcy.