California

Moody’s Investors Service deems California’s projected growth in education funding is a credit positive for the state’s schools and community colleges.

The California controller’s office said the Lottery Education Fund totals rose slightly this year to $1.39 billion.

A district that replenishes Los Angeles-area aquifers is selling bonds for a project designed to help eliminate its use of imported water.

Backers of a California initiative want voter approval on revenue bonds issued for state projects costing more than $2 billion.

Seven U.S. cities intend to dedicate 10% of their annual budgets toward resilience strategies under a worldwide program designed to fortify urban centers.

A legal opinion defining San Diego Unified School District bonds as special revenues was credited with the district's $470 million pre-Thanksgiving general obligation bond sale being oversubscribed.

Oxnard, Calif.'s issuer credit rating received a downgrade from Standard & Poor's, to A-plus from AA-minus.

Standard & Poor's upgraded Benicia, Calif's issuer credit rating to AA from AA-minus, and raised the underlying rating on the California Public Property Financing Corp.'s series 2011 certificates of participation issued on behalf of the city to AA-minus from A-plus.

The Los Angeles Unified School District’s decision to create task forces aimed at cutting costs to avoid a projected $333 million deficit in 2017-2018 is a credit positive, according to Moody’s

A California tax board responsible for handling $48.5 million, representing 24% of state revenue in fiscal 2013-14, is placing money in the wrong accounts and failing to collect debts, according to the controller’s office.

Despite strong revenue numbers, the California Legislative Analyst's Office cautioned legislators against increasing spending on programs that could be hard to maintain if an economic downturn occurs.

A proposed California ballot initiative could limit financing for the state's major infrastructure projects, Fitch Ratings says.

The California governor’s extension of water conservation mandates could mean downward ratings pressure in the mid-to-long term for water utilities, Fitch Ratings said.

The San Diego City Council approved a plan to hike water rates by nearly 35% in stair steps over a four-year period.

Los Angeles Airport expects to be the busiest U.S. airport during Thanksgiving holiday for third year in a row.

A U.S. Court of Appeals bankruptcy panel will hear arguments Thursday from Stockton, Calif. and creditor holdout Franklin Templeton Investments, which is appealing confirmation of the city's plan of adjustment.

California’s treasurer has launched an open data website that he says will make it easier to analyze $1.5 trillion in debt issued in the state since 1984.

The slowing Chinese economy and the strong U.S. dollar have the potential to impact export oriented industries in the U.S.

EAX Trading pulled the plug last week on a two-year effort to launch a municipal bond electronic trading platform aimed at the secondary market.

Rating changes are likely for hundreds of credits as Moody's Investors Service prepares a methodology revision for moral obligations, lease-revenue bonds and other appropriation-backed credits.