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Voters in bankrupt Vallejo reauthorized the city’s utility user tax, saving $5.2 million of revenue for the city’s $75 million general fund.
November 5 -
The Bay Area Toll Authority this week began public hearings on proposed toll increases on seven state-owned toll bridges in the San Francisco Bay Area.
November 5 - California
California Gov. Arnold Schwarzenegger will have an opportunity to nominate a new lieutenant governor, as the current officeholder, John Garamendi, won a special election Tuesday for the U.S. House.
November 5 -
Moody’s Investors Service Tuesday issued one-notch downgrades to bonds issued by Palomar Pomerado Health, a hospital district in San Diego County.
November 5 -
WASHINGTON — Michael Mundaca, President Obama’s nominee to become the Treasury Department’s assistant secretary of tax policy, told the Senate Finance Committee yesterday that the Build America Bonds program is “too successful to simply allow it to expire.”
November 4 -
WASHINGTON — The Securities and Exchange Commission announced yesterday that it has settled securities fraud and other charges against JPMorgan Securities Inc. and is pursuing charges against two of the firm’s former managing directors, Charles LeCroy and Douglas MacFaddin, in connection with muni bond and swap transactions done with Jefferson County, Ala.
November 4 -
The House Financial Services Committee yesterday voted 41 to 28 to approve a bill that would require financial advisers in the municipal market to register with the Securities and Exchange Commission and direct the Municipal Securities Rulemaking Board to have a majority of public members.
November 4 - California
SAN FRANCISCO — After a session that lasted until 6:00 yesterday morning, California lawmakers signed a massive water infrastructure package that includes an $11.1 billion general obligation bond measure.
November 4 -
WASHINGTON — Treasury Department officials are warning state and local housing finance agencies that the Obama administration’s recently unveiled temporary bond purchase program is oversubscribed and that agencies will likely receive less assistance than they requested as a result.
November 3 - California
SAN FRANCISCO — The California Senate, poised to convert years of water policy debates into legislation, approved bills late Monday that include a $9.99 billion bond measure.
November 3
