California

Recent opinions issued by the California attorney general’s office may have some municipal advisors and broker-dealers treading carefully to avoid breaking Municipal Securities Rulemaking Board rules.

Municipal Market Analytics expects that more California water utilities could experience bond covenant violations as they adjust to lowered revenues from conservation efforts.

A Moody's Investors Service report evaluates the risks and benefits of public and private financing amid a surge in new U.S. stadiums targeting professional football and soccer.

California city attorneys who also provide bond counsel services may not be paid based on a percentage of a city's bond issuances, according to a formal opinion from the office of California Attorney General Kamala Harris.

San Diego Chargers owner Dean Spanos said he plans to double-down on efforts to build a stadium in San Diego, though he hasn’t closed the door on a move to Los Angeles.

School and community college districts violate California law if they purposely incentivize municipal finance professionals to advocate for passage of a bond measure, said a formal opinion from Attorney General Kamala Harris.

Capital appreciation bond issuance by California school and community college districts more than tripled to $999 million in 2015 despite legislation to discourage use of the bond structure.

A lawsuit against the new basketball arena project in downtown Sacramento will end up costing the city about $27 million in extra debt service, according to city treasurer Russ Fehr.

California Controller Betty Yee urged public employee unions to negotiate prefunding of retiree healthcare benefits as her office's latest report identified California's OPEB liability at $74.1 billion.

Richard Ravitch, James Spiotto and Lois Scott are among the municipal leaders who've started an advocacy group to help local governments face what it describes as the "uncertain future" of public pension plans.