California

State officials have lost two rounds in a lawsuit that says California improperly diverted money intended for homeowners to make payments on housing bonds.

Voter initiatives can limit the state of California’s operating flexibility, Fitch Ratings analysts wrote.

The city has $260 million in unspent bond authority that could go to housing, said Mayor London Breed.

A Carlsbad, Calif.-based San Diego-based firm, Eric Hall & Associates, is accused of being unregistered when it served as municipal advisor to a school district.

California government officials are trying to figure out how best to use the Opportunity Zones created in the 2017 federal tax bill.

Brightline, which runs a passenger train service in Florida, is taking over the XpressWest project.

The Oro Loma Sanitary District will treat wastewater at higher quality with improvements

S&P Global Raings dropped Verity Health System to CC.

Officials said the deal was undertaken to simplify the Valley Transportation Authority's debt portfolio.

Ten years ago, the financial avalanche that altered the municipal bond market gathered speed with the bankruptcy of Lehman Brothers.

The Fitch Ratings action does not affect its AAA rating for LAUSD general obligation bonds, which are rated based on a dedicated tax analysis without regard to the district’s finances.

Coalinga Regional Medical Center was felled by challenges common to many rural hospitals.

The teachers' union and Los Angeles Unified School District are in a spat about financial documents.

State Controller Betty Yee said revenues came in $1.14 billion higher than anticipated.

Verity Health System reported about $459 million of long-term bond debt and $254 million in pension obligations on its most recent CAFR.

Changes in CalPERS investment assumptions are spurring Chowhilla's plans, city officials say.

The county has almost $1 billion in outstanding pension obligation bonds.

His two-decade career as a California elected official has given him a reputation as a fiscal policy expert.

S&P Global Ratings raised Stockton Public Finance Authority lease-revenue bonds to BB from B-minus.

The bill would make permanent the lower tax rates for individuals and small businesses and the $10,000 federal cap on state and local tax deductions.