Randall Jensen

SAN FRANCISCO — Moody's Investors Service warned Monday that California's expected mid-year budget cuts could result in further school district downgrades.

California Gov. Jerry Brown announced he has appointed Paul Rosenstiel to the California State Teachers' Retirement System Board.

The California Legislative Analyst's Office said in a report Tuesday that the funding for the first stage of the state's high-speed system is highly uncertain.

SAN FRANCISCO — An arena in eastern Washington is headed for a $42 million default Thursday after state lawmakers failed to pass a rescue bill in time during an emergency session.

SAN FRANCISCO — An arena in eastern Washington is headed for a $42 million default Thursday after state lawmakers failed to pass a rescue bill in time during an emergency session.

SAN FRANCISCO — A new report from the California Debt and Investment Advisory Commission found that more than one in four issuers in the state failed to file their annual financial reports on time.

The Southern California Logistics Airport Authority is facing a bond default because it cannot make a $10 million debt service payment due Thursday because of the legal uncertainty surrounding California redevelopment agencies.

SAN FRANCISCO - Washington lawmakers will meet in an emergency session Monday to get an early start on tackling the state's $2 billion budget gap, with an agenda that includes a half-cent sales tax increase.

SAN FRANCISCO - Standard & Poor's downgraded the San Jose Redevelopment Agency's non-housing tax-allocation bonds to BBB from BBB-plus due to financial and legal stress.

SAN FRANCISCO - Washington Treasurer James McIntire is pitching a rescue plan to prevent a $42 million default, a move he says would protect other state credits from contagion effects.

SAN FRANCISCO - Robert W. Baird & Co. said it has added 23-year municipal banking veteran David Ulbricht as a managing director in its public finance division in Portland, Ore., as the investment bank continues to expand its business in the West.

SAN FRANCISCO - Mid-year cuts to California's budget may hit credit ratings for school districts that are dependent on state funding, Fitch Ratings said in report Thursday.

SAN FRANCISCO - Holders of more than $22 billion of bonds tied to California redevelopment agencies may be impaired if the RDAs are stamped out, according to a second lawsuit filed in a legal battle over this year's legislation targeting the agencies.

A parcel tax that will help the struggling Doctors Medical Center stay afloat passed with nearly three-fourths of the vote on Tuesday.

Voters in Oakland on Tuesday overwhelmingly defeated a ballot measure that would have raised $60 million in parcel taxes.

SAN FRANCISCO - Voter-approved pension reform measures in San Francisco and Modesto could signal a sea change in efforts by California cities to contain rising unfunded liabilities, according to Fitch Ratings.

SAN FRANCISCO - California will likely face a deficit of almost $13 billion in the next fiscal year, according to a revenue forecast released Wednesday by the Legislative Analyst's Office.

SAN FRANCISCO - After trailing in election-night counts, a sales tax measure in Vallejo, Calif., meant to help the beleaguered city restore services has mounted a comeback in late vote tallies to take a slim lead with ballots left to be counted.

SAN FRANCISCO - California's Department of Finance said Monday that state revenues continue to slip compared to budget forecasts, leading the Golden State closer to mid-year budget cuts.

SAN FRANCISCO — California’s revenues are running a billion and a half dollars below budget estimates, making it more likely the state will make further spending cuts.