California

Standard & Poor’s revised Huntington Park, Calif.’s outlook to stable citing concerns about the city’s operating deficits.

The California Department of Finance said the state government’s revenues for January fell short of projections contained in Gov. Jerry Brown’s budget proposal by $148 million.

The head of the Federal Reserve Bank of San Francisco gave attendees of a Town Hall Los Angeles event a glimpse into what the Fed might announce at its March meeting.

Verity Health System of California agreed to repay its $278.6 million in junk-rated revenue bonds at a higher interest rate in exchange for relaxed debt service coverage requirements.

Bond issuers in California would have to provide significantly more disclosure to a state agency under recently introduced legislation.

Public finance lawyer Robert Haight has joined the San Francisco office of Holland & Knight, the firm announced Tuesday.

The Sacramento Municipal Utility District's decision to abandon the $1.45 billion, 400-megawatt Iowa Hill pumped storage generation project is good for its credit, Moody's Investors Service said Friday.

The education spending proposed in the California governor’s budget is enough to sustain the sector's healthy and improving credit position, Moody's Investors Service said.

Los Angeles may switch gears mid-stream from a traditional tax-exempt financing to consider a public-private model to expand and renovate its convention center.

The California state government’s revenues for January fell short of projections in Gov. Jerry Brown’s budget proposal by $239.8 million after several months of exceeding expectations.

The University of California would issue $400 million of bonds as part of a proposed $1.1 billion public-private partnership to expand the campus of UC Merced, according to a report issued the state Legislative Analyst’s Office Wednesday.

California should rethink its reliance on bond debt to fund infrastructure, according to California Treasurer John Chiang.

Orrick, Herrington & Sutcliffe has promoted two public finance attorneys to partner.

Stacy Lewis Daher has been reappointed to the California Educational Facilities Authority, the body responsible for approving conduit bond issues for universities.

A California redevelopment successor agency achieved 25% savings on a $33.7 million tax allocation bond refunding.

The holders of $50 million in pension obligation bonds have reached a tentative agreement with San Bernardino in its Chapter 9 bankruptcy.

California water and sewer ratings remain stable despite the challenges presented by the ongoing drought, Fitch Ratings said.

The Port of Oakland has lost its second-largest terminal operator, a blow that Fitch Ratings said should be manageable.

Backers of a California initiative that would require referendums for state revenue bonds defend measure.

Recent opinions issued by the California attorney general’s office may have some municipal advisors and broker-dealers treading carefully to avoid breaking Municipal Securities Rulemaking Board rules.