California

California’s state auditor said she found widespread mismanagement at the Central Basin Municipal Water District and made more than 35 recommendations for changes.

Moody’s Investors Service deems California’s projected growth in education funding is a credit positive for the state’s schools and community colleges.

The California controller’s office said the Lottery Education Fund totals rose slightly this year to $1.39 billion.

A district that replenishes Los Angeles-area aquifers is selling bonds for a project designed to help eliminate its use of imported water.

Backers of a California initiative want voter approval on revenue bonds issued for state projects costing more than $2 billion.

Seven U.S. cities intend to dedicate 10% of their annual budgets toward resilience strategies under a worldwide program designed to fortify urban centers.

A legal opinion defining San Diego Unified School District bonds as special revenues was credited with the district's $470 million pre-Thanksgiving general obligation bond sale being oversubscribed.

Oxnard, Calif.'s issuer credit rating received a downgrade from Standard & Poor's, to A-plus from AA-minus.

Standard & Poor's upgraded Benicia, Calif's issuer credit rating to AA from AA-minus, and raised the underlying rating on the California Public Property Financing Corp.'s series 2011 certificates of participation issued on behalf of the city to AA-minus from A-plus.

The Los Angeles Unified School District’s decision to create task forces aimed at cutting costs to avoid a projected $333 million deficit in 2017-2018 is a credit positive, according to Moody’s