Randall Jensen

California's redevelopment agencies may be closer to death's door than previously thought after a state Supreme Court hearing on Thursday.

Voters in Vallejo, which recently exited bankruptcy, appeared set to defeat a 1% sales tax hike measure after Tuesday's election.

Moody's Investors Service Tuesday downgraded Stockton's issuer rating to Baa1 from A3 as the city's fragile budget continues to face challenges.

SAN FRANCISCO - Guam will hit the market next week to sell $235 million of new bonds to pay off a backlog of overdue tax refunds.

SAN FRANCISCO - California redevelopment agency advocates and critics are on tenterhooks this week as the state Supreme Court is set to hear a case that will determine their future.

SAN FRANCISCO - Moody's Investors Service downgraded Wenatchee, Wash.'s general obligation ratings three notches due to concerns over city-backed debt issued to pay for a struggling arena.

SAN FRANCISCO - The San Jose Redevelopment Agency has received an extension on letters of credit from JPMorgan on $95 million of variable-rate debt, avoiding the threat of a default this month.

SAN FRANCISCO - California's plan for a bond-funded high-speed train system just got more expensive. Fifty billion dollars more expensive.

Adventist Health closed a deal Monday to take over the formerly bankrupt Sierra Kings Heath Care District’s Central California clinics and hospital.

Vallejo officially exited from Chapter 9 bankruptcy protection on Tuesday after finally satisfying the conditions of its plan that was approved in early August by a bankruptcy judge.

SAN FRANCISCO - Washington anti-tax and initiative crusader Tim Eyman has filed a lawsuit to try to void the state's $519 million bond deal for a floating bridge project.

SAN FRANCISCO - Washington's treasurer will ask the Legislature to cough up $42 million to try to protect the state from the repercussions of a local municipal default.

SAN FRANCISCO - California Gov. Jerry Brown unveiled a pension reform plan Thursday that would affect both current and new workers in state and local government in an effort to control rising costs.

A new poll shows that a statewide ballot initiative to limit highway tolls in Washington has lost traction with voters, according to the Seattle Times.

San Jose is weighing a parcel tax to help cover a $1 billion bill to upgrade streets over the next decade, according to a published report.

The Anchorage Assembly voted Tuesday to limit to 1% a property tax hike to support its school district in the next budget.

SAN FRANCISCO - California Gov. Jerry Brown will unveil his pension reform plan Thursday, sparking a renewed debate on the state's employee retirement liabilities.

SAN FRANCISCO - Some California redevelopment agency bonds with poor backstops will face credit stress if legislation to disband the agencies or force large payouts is upheld in court, according to Standard & Poor's.

SAN FRANCISCO - Stockton, Calif., is facing the rising specter of a technical default on its redevelopment agency debt, as it will likely have to dip into reserves to pay debt service for $87 million of outstanding bonds.

SAN FRANCISCO - With Moody's Investors Service dropping Fresno three notches to A2 from Aa2 on Thursday, the California city's membership in the "super downgrade" club has now been affirmed by all three credit rating agencies.