Rich Saskal

ALAMEDA, Calif. — A civil jury in Sacramento rejected professional negligence claims last week against attorneys and a pension consultant involved in setting up a controversial pension system for Sacramento City Unified School District administrators.

ALAMEDA, Calif. — Nevada Treasurer Kate Marshall is fighting for another term against former state controller Steve Martin.

California’s unemployment insurance fund is currently insolvent and, absent corrective action, will remain so for the foreseeable future, the Legislative Analyst’s Office noted in a report issued Wednesday.

Despite its recently adopted budget, California is still likely to face severe budgetary pressures, Moody’s Investors Service said Monday in its weekly credit outlook report.

ALAMEDA, Calif. — California Gov. Arnold Schwarzenegger vetoed a bill that would have allowed local governments to use bonds to securitize the state’s promise to repay them for the cost of implementing unfunded mandates prior to 2004

ALAMEDA, Calif. — The Securities and Exchange Commission is investigating bonds issued by the city of Bell.

Citing operating pressures and money-losing city enterprise funds, Fitch Ratings revised the outlook on Tacoma’s general obligation bonds Wednesday to negative from stable, while downgrading its convention center and parking revenue bonds.

Nevada Gov. Jim Gibbons announced the appointment Monday of Steve Robinson as transition director for the governor’s office.

The California Public Employees’ Retirement System announced Monday that it is severing its ties with the Pacific Corporate Group, which had managed three of the giant pension fund’s investment vehicles.

With California’s budget negotiations over, leadership of the Senate’s Republican minority has shifted to Bob Dutton.

ALAMEDA, Calif. — The California attorney general’s office plans to seek a court order placing the troubled city of Bell under some sort of receivership or monitoring.

ALAMEDA, Calif. — The recently adopted California budget dumps a huge problem into the lap of the next governor and Legislature, according to the state’s independent Legislative Analyst’s Office.

ALAMEDA, Calif. — California has picked a winning bidder for its plan to sell 11 office buildings and lease them back in a deal that will lead to the redemption or defeasance of more than $1 billion in outstanding lease-revenue debt.

SAN FRANCISCO — Now that ­California has a budget in place after a 100-day delay, finance officials in ­Sacramento are turning their attention to putting long- and short-term borrowing plans into place.

SAN FRANCISCO — After a session that dragged on all night, California lawmakers passed a budget this morning — 100 days after the fiscal year began.

Education and information have become a more valuable tool in the municipal bond market since the meltdown of 2008, participants in The Bond Buyer's California Public Finance Conference said Wednesday.

The panel kicking off Thursday's events at The Bond Buyer's California Public Finance Conference focused on reforming the state's government, but neither the panelists nor those who came to hear them thought that road would be an easy one.

California's ratio of debt service to general fund revenue will exceed 7% in fiscal 2011, Treasurer Bill Lockyer said in his annual Debt Affordability Report.

Anchorage Mayor Dan Sullivan delivered a shot across the bow to the city's employees when he unveiled his proposed 2011 budget Oct. 1.

SAN FRANCISCO — If Thursday’s scheduled votes on a California budget are successful, the state hopes to be in the market with up to $10 billion of revenue anticipation notes sometime in November, Treasurer Bill Lockyer said Wednesday.