Far West

California school districts could see their credit quality weaken if a bill that would cap the amount of funds they can keep in reserves gets approved in November.

Despite widespread agreement that Los Angeles County's main jail is obsolete, there is far less consensus about what to do about it, though any answer is likely to be expensive.

Moody's Investors Service on Wednesday upgraded California to Aa3 from A1, based on its improved fiscal position.

Barbara Liebert, executive director at the California Health Facilities Financing Authority, is leaving her post to join State Controller John Chiang's office.

Panelists at The Bond Buyer's Pacific Northwest Municipal Market Symposium in Seattle discussed the implications of two regulatory initiatives taking place this year, the SEC's MCDC self-reporting initiative, and municipal advisor regulation.

San Bernardino, Calif., leaders failed to pass a budget at Monday night's council meeting, postponing a vote to June 30 – the last day of the fiscal year.

California Gov. Jerry Brown on Friday signed a controversial budget trailer bill that would cap the amount of funds that school districts can keep in reserves.

Fitch Ratings has affirmed El Rancho Unified School District, Calif.'s general obligation bond rating at A and has removed a negative watch impacting $13.8 million in bonds.

Seleta Reynolds of the San Francisco Department of Transportation was nominated Friday by Los Angeles Mayor Eric Garcetti to be the next general manager of the Los Angeles Department of Transportation.

San Bernardino's firefighters union has replaced the California Public Employees' Retirement system as the most adversarial creditor in the city's Chapter 9 bankruptcy.