California

Rating agencies are continuing to treat municipal issuers unfairly even though federal law required that practice to stop, former California Treasurer Bill Lockyer said.

Conventional wisdom that municipalities that file for bankruptcy “will never borrow in this town again” has not been found to be true, said panelists at The Bond Buyer’s California Public Finance Conference.

Improved disclosure and transparency will help California’s leaders make the argument for improved infrastructure, State Treasurer John Chiang said.

The Marin Healthcare District of Marin County, Calif, plans to sell $170 million of investment-grade bonds next week to finance earthquake readiness measures and medical improvements at a 63 year-old hospital.

The San Diego City Council approved Mayor Kevin Faulconer’s plan to streamline the bidding process on infrastructure projects.

California State Public Works Board lease revenue bonds were affirmed ahead of plans to issue $210 million to fund prison construction projects.

California's first quarter revenues came in $744 million higher than the $22.5 billion anticipated

Standard & Poor's has upgraded the Alameda County Redevelopment Agency, Calif.'s series 2006A tax allocation bonds to AA-minus from A-minus, the agency announced Friday.

Moody's downgraded Central Basin Municipal Water District, Calif.’s refunding revenue bonds a notch to A1 pointing to declining operating revenues due to conservation efforts from the prolonged drought.

A California legislative committee tasked with fixing the state’s transportation funding woes kicked off its work, vowing not to let the difficulty of the choices facing them prevent a solution from emerging.