Rich Saskal is a managing editor of The Bond Buyer. Since joining the publication in 2003, he has also worked as a reporter and as its Far West bureau chief. He has a master's degree in journalism from the University of Colorado and a bachelor's degree from the University of Virginia.
- California
ALAMEDA, Calif. — California can make it through September without starting to issue IOUs, Controller John Chiang said Thursday when he released his monthly report on the state’s cash position.
By Rich SaskalSeptember 9 - California
ALAMEDA, Calif. — California school districts will ask their voters for almost $4 billion of general obligation bond authority this November, a much smaller amount than was at stake in the last general election.
By Rich SaskalSeptember 9 - California
The Oakland Athletics made another move this week in the chess game they hope will lead them to a new home down the road in San Jose.
By Rich SaskalSeptember 9 - California
ALAMEDA, Calif. — California can probably keep money flowing to bond-financed capital projects through the end of the year, even if the state’s continuing budget crisis keeps it off the bond market, a state spokesman said Tuesday.
By Rich SaskalSeptember 7 - California
ALAMEDA, Calif. — California’s statewide property tax roll declined 1.8% this year, according to a report released last week by a state agency.
By Rich SaskalSeptember 3 -
The California Redevelopment Association Monday submitted its opening brief for its appeal of a trial court decision upholding the state’s shift of more than $2 billion from local redevelopment agencies to help balance the budget.
By Rich SaskalSeptember 2 -
The federal government has formally announced an end to California’s role servicing guaranteed federal student loans, bringing an end to a program that state budget writers had viewed as a billion-dollar cash cow.
By Rich SaskalSeptember 2 -
ALAMEDA, Calif. — A bill to limit the ability of California local governments to file for bankruptcy expired Tuesday in the last-minute frenzy that marked the end of the regular 2010 session for the state’s stalemated Legislature.
By Rich SaskalSeptember 1 -
California lawmakers are planning to hold budget votes Tuesday, the final day of their regular session, though no one expects a budget bill to pass.
By Rich SaskalAugust 30 -
ALAMEDA, Calif. — California lawmakers are rushing through hundreds of bills as they face a looming deadline to adjourn their 2010 session.
By Rich SaskalAugust 26 - California
ALAMEDA, Calif. – Standard & Poor’s Thursday placed Bell, Calif.’s redevelopment agency bonds on negative CreditWatch, marking the latest setback for the small Southern California city in the wake of revelations of its unusual financial practices, which included paying its former city administrator almost $800,000 a year.
By Rich SaskalAugust 26 - Oregon
Fitch Ratings on Friday affirmed the Oregon School Bond Guaranty program at AA-plus with a stable outlook. The affirmation is part of Fitch’s continuous surveillance effort.
By Rich SaskalAugust 26 -
Nevada Gov. Jim Gibbons Monday announced the appointment former Treasurer Robert Seale to the board that oversees the state’s college savings plans program.
By Rich SaskalAugust 26 -
Los Angeles Mayor Antonio Villaraigosa advocated his “30/10” plan to accelerate transit project construction at a roundtable event Tuesday he co-chaired with U.S. Sen. Barbara Boxer.
By Rich SaskalAugust 26 - California
Moody’s Investors Service Monday upgraded $327 million of debt issued for the California Independent System Operator to A1 from A2.
By Rich SaskalAugust 26 -
ALAMEDA, Calif. — A bill designed to make it harder for California local governments and agencies to file for bankruptcy cleared a key committee Tuesday afternoon.
By Rich SaskalAugust 24 - California
ALAMEDA, Calif. — With no obvious progress in sight on California’s seriously overdue budget, state financial officials announced plans to defer almost $3 billion in payments to schools and county governments next month.
By Rich SaskalAugust 24 - California
A California Senate committee Friday voted down a bill that would have banned local agencies from hiring bond underwriters that provided campaign services for the election authorizing the debt.
By Rich SaskalAugust 20 -
Some California cities may have their bond-issuing abilities limited by a bill introduced last week by lawmakers responding to the crisis in Bell, where freewheeling financial policies have resulted in the resignations of three city officials.
By Rich SaskalAugust 20 -
Many California government employees are off without pay today, after the state Supreme Court said that Gov. Arnold Schwarzenegger could implement his order furloughing workers for three Fridays per month.
By Rich SaskalAugust 19


