California

Vernon’s electric system revenue bonds were downgraded two notches to Baa3 and received a negative outlook as a result of chronically weak financial metrics.

Oakland, Calif., Mayor Libby Schaaf said she remains committed to keeping the National Football League's Oakland Raiders, but will not use public money to win a bidding war against Nevada.

The Los Angeles school board refused to renew three charters for a charter school system with outstanding bonds that has faced financial problems and questions about connections to Turkey’s coup.

California tax revenue came in $217 million below the expected $24.8 billion for the first three months of fiscal 2017 , according to a California Department of Finance release.

Lawmakers gave the California Infrastructure and Economic Development Bank approval to hire new staff, growing employee numbers by nearly one-third.

California has enhanced its ability to borrow money cheaply and nudged its credit rating into high-grade territory amid a period of rising investor clamor for its bonds, according to the annual Debt Affordability Report from State Treasurer John Chiang.

Vallejo, Calif. received a ratings boost from S&P Global Ratings partly based on anticipation that a temporary sales tax measure could be made permanent in November.

A measure to legalize recreational marijuana in California has economists and municipal bond participants contemplating the economic impact.

Fieldman, Rolapp & Associates principals reflect back on changes wrought for municipal advisors during their 50 years in business.

Los Angeles County lease-revenue bonds and certificates of appreciation received a one-notch Moody’s Investors Service upgrade to Aa3.