California

Refundings of recession-era stimulus bonds are driving California's robust sales volume.

The Golden State keeps its issuance streak alive as it get set to sell $2.1 billion of general obligation bonds later this week. This deal is primarily a refunding — a result of bonds sold in 2009 under the Stimulus Act hitting their 10-year call date.

Whistleblower Johan Rosenberg has alleged that the conspiracy cost issuers over $1 billion — $719 million in California, $349 million in Illinois, and $134 million in Massachusetts.

Climate analytics business risQ is partnering with Municipal Markets Analytics to get a better handle on the risk climate change creates for municipal debt.

Moody's Investors Service downgraded one public electric utility and assigned negative outlooks to three after reviewing potential wildfire liability exposure.

Ila Afsharipour will be based in San Francisco.

FEMA denied California reimbursement for a portion of Oroville Dam repairs, saying the state failed to maintain it.

Glitches in California's electronic financial system are delaying annual financial reporting documents, said Controller Betty Yee.

The company that bought Vernon's power plant is suing the city in a case over whose fault it is that the plant operated below full capacity.

This week's deal will prime the pump for another $2.5 billion in loans Freddie Mac plans to securitize in the next two to three years.

With a mere $2.4 billion of municipal new issuance this week, investors will face stiff competition for paper.

The enrollment and cost stresses underscored by teacher strikes in Los Angeles and Oakland aren't limited to large urban districts.

Personal income tax receipts came in 56.6% under the February forecast made in the governor's recent budget proposal.

Moody's views the ruling positively, but S&P says the court sidestepped the main issue.

New York, Chicago and Los Angeles, with disparate challenges, set the tone for effective planning, said Kroll.

Municipal bond buyers will see several big deals head their way this week. Taking the top spot is a $654 million deal from the Regents of the University of California to be priced by UBS while Citi is set to price the Lower Colorado River Authority's $370 million offering.

Scott Mitnick, who was county administrator of Sutter County, California, will be a director at financial advisory firm KNN Public Finance.

State Sen. John Moorlach's legislation would make California only the second state to adopt the machine-readable computer language for financial documents.

The California Supreme Court left the so-called California Rule on pensions untouched in a ruling favoring the state's right to eliminate an "air time" benefit.

The West and East Coasts will battle it out for the top municipal deal of the week — with California coming with a $2.3 billion GO deal and NYC coming with almost $990 million of bonds.