Far West

A Los Angeles charter school received a junk rating of BB-plus with a stable outlook from Standard & Poor's ahead of a $35 million new money/refunding expected to price in June.

City attorneys should be aware of possible conflicts between the issuer they represent and its employees, financial advisors and counsel about whether to self-report that bond documents failed to disclose violations of a continuing disclosure agreement, regulators and lawyers warned Thursday.

The California State Legislature has five water bond proposals to consider in the next couple weeks as the June 26 deadline to pass legislation approaches.

At least another month will pass before a judge decides if Stockton, Calif. can exit Chapter 9 bankruptcy, after U.S. Bankruptcy Judge Christopher Klein set another hearing for July 8.

Two U.S. senators have introduced a bill that give more rights to municipal employees in Chapter 9 bankruptcy proceedings, but experts warn the measure could lead to more litigation and raise Constitutional issues.

Bond measures met a largely successful reception Tuesday in California's primary election, which also set November races for state offices.

The San Diego County Water Authority says state and federal regulators need to be more transparent and thorough in explaining a proposed $25 billion Sacramento-San Joaquin Bay-Delta water tunnel project.

Standard & Poor's June 2 raised its long-term and underlying rating to AA-plus from AA on San Bruno, Calif.'s pension obligation bonds and certificates of participation, impacting nearly $23 million in debt.

Los Angeles Mayor Eric Garcetti launched a Great Streets initiative by announcing on June 3 the first 15 streets that will be targeted in the city.

San Francisco Mayor Ed Lee released his spending plan for the next two years, which includes a $500 million general obligation bond, and investing $94 million in affordable housing projects.