California

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.

California received $6.4 billion in tax revenues in October soaring 5.7% higher than last year’s figures.

San Francisco mayor Ed Lee is touting the Board of Supervisors' approval of a downtown affordable housing project that will provide homes for lower-income residents while also helping to pay for local infrastructure.

An independent report commissioned by the Los Angeles Unified School District's superintendent predicted dire financial results if the school system doesn't take action.

With construction on its new basketball arena humming along, California's capitol is turning is attention to an extensive downtown revitalization project that aims to leverage property taxes to create 10,000 places to live in downtown Sacramento by 2025.

Moody's Investors Service had more upgrades than downgrades in the third quarter of 2015, and the upgrades also affected a larger dollar amount of debt than its downgrades.

Standard & Poor's raised its long-term rating to A-plus from A on the Ukiah Redevelopment Agency, Calif.'s series 2011A tax allocation bonds, citing increased assessed value.

Raymond James continues its expansion in California with the recent hiring of veteran education banker Charlie Feinstein in San Francisco.

Fitch Ratings' Amy Laskey disputes the notion that the rating agency's action on San Diego school district bonds was a shift in approach.

Fitch Ratings, reframing its view of the special taxes that support local California GO bonds, assigned its AAA rating to a school district based solely on the special tax without regard to the district's budget and operations.

The relatively opaque private placement market, which has been very strong in California, may be slowing down and shifting from a bank-dominated market to a more diverse range of purchasers.