California

Long Beach, Calif. closed Wednesday on $513 million in financing on a public-private partnership for a new city hall, port headquarters, library and park.

Legislation to put California’s teacher pension fund on a more sustainable track could prove to be bitter medicine for some school districts and the state itself because of higher contributions.

The San Diego Association of Governments plans a bond sale in mid-July.

While the key oil production states of Oklahoma, North Dakota and California have all been hit hard by the drop in crude oil prices, the impact varies at both the state and local government level, Moody’s Investors Service says.

California’s Department of Finance reported that March revenues came in $170 million below the $7.6 billion projected in the governor’s budget.

San Ysidro School District, once on the verge of a state takeover, had its certificates of participation boosted to investment grade by Fitch Ratings.

San Diego Mayor Kevin Faulconer uploaded seven years of the city’s budget information into an online tool to make it easier to track how tax dollars are spent.

Orange County, Calif., anticipates forming community facilities districts each year over the coming decade that would issue unrated dirt bonds to pay for infrastructure on a 23,000 master-planned community.

San Francisco-based Dignity Health had its outlook revised to negative from stable by Standard & Poor's, which cited a decline in financial performance.

As Orange County, Calif., approaches the end of debt service payments related to its 1994 bankruptcy, it is lining up its first long term debt sale in a decade.

Upgrading San Francisco’s vulnerable northern seawall to protect against earthquakes and rising sea level could cost $5 billion.

San Diego City Attorney Jan Goldsmith said he might file a lawsuit to keep the initiative off November’s ballot, possibly benefiting a competing initiative that would include a new stadium for the San Diego Chargers.

The Metropolitan Water District of Southern California has announced it signed a $175 million deal to purchase islands in the Sacramento-San Joaquin Delta, a controversial decision that some opponents view as part of a water grab.

California reported $7.4 billion of revenue in March, outstripping projections in the proposed budget released in January by 3%.

San Bernardino has chosen a new finance director after more than a year of vacancy in the position.

Rainfall wasn’t enough to alleviate credit pressure on California water utilities, according to rating agencies.

Loma Linda University Medical Center received mixed messages from two rating agencies as it prepares what will be the municipal bond market’s largest junk rated deal of the year so far.

State and federal officials signed an agreement to remove four hydroelectric dams in California and Oregon at an estimated cost of $290 million, part of which will be paid through California bonds.

Four California energy agencies warned Tuesday of power outages as they released a joint plan for handling a natural gas shortage resulting from a leak at Southern California’s primary gas storage facility.

Berkeley Unified School District, Calif. will sell $18 million of general obligation bonds next week, buoyed by a Fitch Ratings AAA.