California

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.

The SEC is sorting out those charged with engaging in a large multi-year "flipping" and kickback scheme.

Fitch Ratings upgraded the city's issuer default rating to AA-minus from A-plus.

Owners of a Los Angeles complex had argued that their duty to provide affordable units ended when bonds were paid off.

Keely Bosler will take the helm at the department, replacing Michael Cohen.

S&P Global Ratings looked to 2017's California wildfires to understand the credit implications of this year's blazes.

Issuance was down 27% in the region from the first half of 2017, and almost 30% in California, its largest market.

The now-defunct unregistered broker-dealer Core Performance Management, LLC, and four of its former employees settled fraud and MSRB rule violations with the SEC for engaging in municipal bond flipping and kickback scheme.

The measure, which may be on the ballot in 2020, would lift the Proposition 13 limit on commercial property tax assessments.

A State Supreme Court ruling jeopardizes San Diego’s pension reform measures, exposing the city to millions in unanticipated costs.