California

The California State Teachers Retirement System became the latest public pension fund to lower its investment earnings forecast.

President Trump's "sanctuary city" order is expected to foreshadow more long-term turbulence for urban-federal relations as the president sought to force compliance with his objectives by threatening to cut federal funding.

The sale of bankrupt Hanjin Shipping’s majority stake in a terminal operator that represented 30% of Port of Long Beach’s revenues in 2015 is a credit positive for the port.

Nearly four and a half years later, San Bernardino has received final approval on its plan to exit bankruptcy.

The Internal Revenue Service has told the California Municipal Finance Authority that $32.5 million of refunding bonds it issued in 2007 for Exxon Capital Ventures, Inc. are taxable, but the borrower is disputing the finding.

The Port of Oakland this week asked a large stakeholder task force to look for operating efficiencies in preparation for an ambitious construction agenda this year.

California's cost for retiree health and dental benefits has grown to $76.68 billion, according to a report from State Controller Betty Yee.

Drought-inspired water and wastewater projects in California are moving forward despite record rainfall this year.

Two new partners at Jones Hall, a California public finance law firm, want to grow the firm’s water/wastewater and public-private partnership business.

President Trump’s broadsides against Mexican immigrants and trade have not triggered rating agency action on border credits, which, in several cases, have seen upgrades.

California John Chiang took aim at Trump Administration climate policies as he revealed the results of a five-city listening tour aimed at crafting the best way for the state to issue green bonds.

A Northern California healthcare district that closed its only hospital with $57 million of certificates of participation outstanding is sorting out its obligations in bankruptcy court.

The California Public Finance Authority will price $110 million in revenue bonds next week for Henry Mayo Newhall Hospital in Valencia, Calif. in the hospital’s first public market offering without the benefit of bond insurance in more than a decade.

The Bay Area Toll Authority is set to sell $450 million of bonds Jan. 26 to fund capital projects and refund outstanding debt.

California Gov. Jerry Brown’s budget proposal for the 2018 fiscal year supports the state's credit quality as it recognizes the need to curtail spending in light of an anticipated slowdown in revenue growth, S&P Global said.

Orrick, Herrington & Sutcliffe has promoted three public finance attorneys on the West Coast to partner.

The California Supreme Court has declined to hear an appeal from a group opposing the construction of a new basketball arena in San Francisco.

Women-owned Stern Brothers & Co. has added California investment banker Lauro Garcia to grow its Golden State business.

Los Angeles mayor’s legal counsel to work as interim in city’s lead budget position until a permanent replacement can be found for outgoing City Administrative Officer Miguel Santana.

San Diego Mayor Kevin Faulconer wants to head back to the voters for a new ballot measure to pay for a convention center expansion, road repairs and homeless programs.