California

The California state government’s revenues for January fell short of projections in Gov. Jerry Brown’s budget proposal by $239.8 million after several months of exceeding expectations.

The University of California would issue $400 million of bonds as part of a proposed $1.1 billion public-private partnership to expand the campus of UC Merced, according to a report issued the state Legislative Analyst’s Office Wednesday.

California should rethink its reliance on bond debt to fund infrastructure, according to California Treasurer John Chiang.

Orrick, Herrington & Sutcliffe has promoted two public finance attorneys to partner.

Stacy Lewis Daher has been reappointed to the California Educational Facilities Authority, the body responsible for approving conduit bond issues for universities.

A California redevelopment successor agency achieved 25% savings on a $33.7 million tax allocation bond refunding.

The holders of $50 million in pension obligation bonds have reached a tentative agreement with San Bernardino in its Chapter 9 bankruptcy.

California water and sewer ratings remain stable despite the challenges presented by the ongoing drought, Fitch Ratings said.

The Port of Oakland has lost its second-largest terminal operator, a blow that Fitch Ratings said should be manageable.

Backers of a California initiative that would require referendums for state revenue bonds defend measure.