California

Ten years ago, the financial avalanche that altered the municipal bond market gathered speed with the bankruptcy of Lehman Brothers.

The Fitch Ratings action does not affect its AAA rating for LAUSD general obligation bonds, which are rated based on a dedicated tax analysis without regard to the district’s finances.

Coalinga Regional Medical Center was felled by challenges common to many rural hospitals.

The teachers' union and Los Angeles Unified School District are in a spat about financial documents.

State Controller Betty Yee said revenues came in $1.14 billion higher than anticipated.

Verity Health System reported about $459 million of long-term bond debt and $254 million in pension obligations on its most recent CAFR.

Changes in CalPERS investment assumptions are spurring Chowhilla's plans, city officials say.

The county has almost $1 billion in outstanding pension obligation bonds.

His two-decade career as a California elected official has given him a reputation as a fiscal policy expert.

S&P Global Ratings raised Stockton Public Finance Authority lease-revenue bonds to BB from B-minus.