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Long Beach, Calif. educators warned that K-12 schools and universities face steep budget cuts if voters reject Gov. Jerry Brown's Proposition 30 tax measure.
October 11 - California
Fitch Ratings removed Baldwin Park, Calif. tax allocation bonds from negative ratings watch but affirmed their speculative BB rating and kept the outlook negative.
October 11 -
Rep. Mike Coffman, R- Colo., has introduced legislation that would allow governmental and 501(c)(3) nonprofit bonds to be refunded a second time so that issuers and borrowers could save money by taking advantage of low interest rates.
October 11 -
Moody's hit 54 California city ratings with downgrades or downgrade reviews after a sector review launched after three California cities filed for bankruptcy.
October 10 -
- California
Victorville, Calif. officials have rejected a compensation claim by bond underwriter Kinsell, Newcomb & De Dios for the costs of investigations into the city's finances and bond transactions.
October 9 -
West Coast nonprofit hospital chain Dignity Health, formerly Catholic Healthcare West, was downgraded ahead of plans to sell up to $500 million in taxable bonds.
October 5 - California
California Gov. Jerry Brown's recent vetoes of bills designed to reintroduce tax-increment financing will likely postpone, rather than kill, the return of some form of redevelopment.
October 4 - Nevada
A Nevada panel recommended raising Nevada's unemployment tax rate to help repay money the state borrowed from the federal government to pay benefits.
October 4 - California
California's state school superintendent, Tom Torlakson, appointed Kent Taylor to run the insolvent Inglewood Unified School District.
October 4
