Tonya Chin

California's revenues came in below estimates during the month of July, according to a report released Monday by State Controller John Chiang.

California recently purchased $100 million of World Bank green bonds that will earn the state an 'excellent return," according to State Treasurer Bill Lockyer.

The fees that bankers get paid to underwrite municipal bond deals are continuing on a four-year decline as new issue volume remains low, and competition for business remains high.

Ed Murray came out on top in Seattle's primary election for mayor on Tuesday, followed closely by incumbent Mike McGinn. The pair move on to the general election.

Standard & Poor's has upgraded the rating on Esparto Unified School District, Calif.'s general obligation bonds to A-plus from A based on growth in revenues.

Moody's Investors Service has downgraded the rating on Redwoods Community College District to A1 from Aa2 and assigned a negative outlook.

In a response to an audit from the state controller's office, Stockton, Calif. officials said it did not provide any new information and instead slows down the city's recovery.

Fitch Ratings upgraded the state of California's general obligation bonds to A from A-minus citing improved financial management and revenue.

In an audit of Stockton's finances, California Controller John Chiang says city officials should have seen the warning signs of trouble that sent Stockton into bankruptcy.

Richmond, Calif.'s plan to help homeowners avoid foreclosure will not likely be successfully implemented, according to Moody's Investors Service, but it's still credit negative for residential mortgage backed securities.

The Regents of the University of California is planning to sell $665 million of fixed and variable rate medical center pooled revenue bonds.

Peter Koht, Santa Cruz's economic development director, has left the department after four and a half years.

Washington State is planning to sell $864 million of general obligation bonds in a competitive offering next week after receiving improved outlooks from two credit rating agencies.

California is planning to sell $5.5 billion of revenue anticipation notes in its annual cash flow borrowing deal in August.

Moody's Investors Service downgraded Alaska's Airport System revenue bonds due to a slowdown in global air cargo.

Standard & Poor's has upgraded its rating on Santa Rosa, Calif.'s wastewater revenue bonds, citing its customer base and liquidity.

Moody's Investors Service has downgraded San Francisco Community College on the possibility that it will lose its accreditation.

California's 2014 budget is a credit positive for the state's school districts, although some stand to benefit more than others, Moody's Investors Service said in a report.

Despite improved liquidity positions among California schools, cash flow borrowing is expected to remain at elevated levels during the next year, according to Standard & Poor's.

A California state judge denied the state's motion to dismiss a lawsuit over its cancelled deal to sell 11 state-owned buildings to private investors.