Randall Jensen

If Stockton is granted the right to file for bankruptcy protection, the next big fight ahead may be with its whale of a creditor, the California Public Employees' Retirement System,

The trial over Stockton, Calif.'s eligibility to enter bankruptcy protection is expected to wrap up Wednesday, with bankruptcy Judge Christopher Klein saying he is likely to rule Monday.

California Treasurer Bill Lockyer expanded his request for a formal legal opinion on the role of underwriters in school bond campaigns to include financial advisors and bond counsel.

Stockton and its bond market creditors postured for a fight Monday at the start of a Federal court trial over the city's ability to enter Chapter 9 bankruptcy protection.

California Controller John Chiang said Thursday that San Jose's redevelopment agency improperly transferred $148 million of assets, including the potential site of an Oakland Athletics ballpark.

Fewer than half of likely California voters favor current plans for construction of a bullet train system or support an $11 billion water bond slated for the 2014 ballot, according to a public opinion poll.

Stockton and its bond market creditors will battle over whether the city should be allowed to enter bankruptcy protection during a four-day trial next week.

The California High-Speed Rail Authority authorized the eventual sale of $8.6 billion of bonds to fund the first stage of a 500-mile bullet train system.

California Treasurer Bill Lockyer sent a letter Monday to state Attorney General Kamala Harris asking if it is legal for bond underwriters to provide election services to school districts.

California's revenues in February came in $322 million below projections in Gov. Jerry Brown¹s budget after rising around $5 billion a month earlier, according to the Department of Finance.

Stockton, Calif., which is battling with creditors over its attempt to enter Chapter 9 bankruptcy protection, received $1 million from the Federal Emergency Management Agency to buy two new fire engines.

California Controller John Chiang said February revenues came in almost on track with estimates in Gov. Jerry Brown¹s proposed budget.

Stockton, Calif.'s effort to make bondholders take a $350 million hit during its bankruptcy process will likely blackball it from the bond market for years and raise future costs.

The Washington State Department of Transportation said its mistakes in the design of the new Highway 520 floating bridge will costs tens of millions of dollars and delay construction.

Fitch Ratings downgraded the underlying ratings on $49 million of Placerville, Calif.'s Marshall Medical Center revenue bonds to junk because of weak finances.

Stockton, Calif.'s unhappy bond market creditors will get a trial starting March 25 to challenge the city's eligibility for Chapter 9 bankruptcy protection.

California lawmaker Bob Wiekowski introduced legislation for Treasurer Bill Lockyer to curb private contractors running conduit issuers in the state, including California Statewide Communities Development Authority.

Gov. Jerry Brown¹s proposed budget would improve the credit quality of California school districts, according to Moody's Investors Service.

Pullman, Wash.'s general obligation bond ratings has been cut to A1 from Aa3 by Moody's Investors Service due to weak finances.

A water district employee in Lake Forest Park, Wash. pilfered more than $350,000 of ratepayer money by using her children a state audit found, according to local reports.