Randall Jensen

California’s budget has inspired three new lawsuits this week, adding to worries about its viability.

SAN FRANCISCO - California Gov. Jerry Brown has signed a new law giving San Francisco special exemptions to form a tax district on its waterfront to help reimburse the city for the America's Cup and pay for other projects.

SAN FRANCISCO - Vallejo, Calif., hasn't quite wiggled out of bankruptcy, nearly two months after getting a judge's approval for its exit plan.

SAN FRANCISCO - California plunged into a hungry market this week with its first general obligation bond sale of the year, grabbing yields far below its most recent sale last year.

California Gov. Jerry Brown is weighing one bill that secures bondholders if a hospital declares bankruptcy, and has already signed another that proponents said could help corporate investment in municipal bonds.

August tax revenue in California came in $65 million below a budget forecast of $6.23 billion, according to the Department of Finance.

SAN FRANCISCO — California Controller John Chiang released two audits of the city of Montebello Thursday that found $31 million in questionable spending, loans and fund transfers.

SAN FRANCISCO - Moody's Investors Service downgraded California Housing Finance Agency home mortgage revenue bonds for the second time this year, affecting $5 billion of debt amid the frail state housing market.

SAN DIEGO - Though municipal bankruptcies may never become widespread, industry insiders warned during The Bond Buyer's California Public Finance Conference more will come because of the pressure on local governments.

SAN DIEGO — California Treasurer Bill Lockyer said the state plans to sell $15.5 billion of long-term debt during this and the next fiscal year, continuing a trend of fewer deals.

CARLSBAD, Calif. - With low volume and demand lacking in the face paltry yields, the municipal market must tackle structural problems, according to industry insiders at The Bond Buyer's California Public Finance Conference.

Sacramento is considering privatizing parking structures to help pay for a $400 million basketball arena project, according to published reports.

California priced $5.4 billion of revenue anticipation notes a day ahead of schedule Wednesday, after getting retail orders for more than 65% of the deal, according to the state treasurer’s office.

California Controller John Chiang said August revenues came in 2.1% or $134.9 million above projections in the recently passed budget.

Federal investigators are auditing a billion dollar expansion project at the Port of Anchorage amid huge cost overruns, published reports say.

SAN FRANCISCO - California lawmakers passed a slew of bills last week that could have an impact on public finance if Gov. Jerry Brown signs them.

SAN FRANCISCO - As California emerges from its debt doldrums this month with expected sales of $8 billion of short- and long-term debt, investors are eager for the fresh yield the state will add to a stagnant market.

The San Francisco Municipal Transportation Agency is already trying to tackle a $23 million annual budget deficit, according to local press reports.

After much watering down, a California bill to make it harder for local governments to seek bankruptcy protection cleared committee on Wednesday.

California Gov. Jerry Brown signed a bill Wednesday that will allow the state to sell bonds in $25 denominations.