California

The Los Angeles school board named Michelle King superintendent of the nation’s second largest school district on Monday.

The restrained budget proposed by California Gov. Jerry Brown will not require the state to issue short-term notes to smooth out cash flow in fiscal 2017, according to Fitch Ratings.

California revenues beat projections by $844.6 million for the first half of the 2015-16 fiscal year.

The U.S. Army Corps of Engineers plans to spend $3.6 million in federal funding for flood protection along the Los Angeles River as El Nino storms continue to roll in.

A lawsuit filed late last week seeks to block construction Golden State Warriors event center and mixed-use development project in San Francisco.

The California Health Facilities Financing Authority will issue $500 million of revenue bonds next week for the Sutter Health hospital system in Northern California.

California Gov. Jerry Brown warns state legislators that increased spending could eat up the state’s recent revenue windfalls.

The chair of California’s Assembly Committee on Transportation unveiled legislation he said would provide revenue to meet the state’s serious transportation needs.

The San Diego Association of Governments is holding public hearings to gauge public sentiment on a half-cent sales tax for transportation.

Initiative that would require California legislators to wear donor logos on their clothing moves forward.

The new chief executive officer of a California municipal advisory firm plans to grow the firm by acquiring smaller firms as the industry consolidates in the new regulatory environment.

The National Football League confirmed that the Oakland Raiders, St. Louis Rams and the San Diego Chargers all submitted applications to relocate to the Los Angeles area.

Orange County, Calif. received a rating boost, as Standard & Poor's upgraded its issuer credit rating one notch to AA-plus from AA.

Desert Hot Springs, Calif., a Palm Springs suburb that has flirted with bankruptcy, received an improved stable outlook from Standard & Poor’s.

The San Bernardino City Council appointed two interim city managers to serve consecutively as the city works to extract itself from bankruptcy.

California Treasurer John Chiang said he plans to meet investors around the country as he prepares to ratchet up the state's green bond issuance.

The "gradual and contingent nature" of the California Public Employees' Retirement System plan to revise its investment return assumptions could mean substantial fiscal risk to California governments, Moody's Investors service said Friday.

An agreement to return control of the LA/Ontario International Airport from Los Angeles to an Ontario-based local authority is a positive for the Los Angeles airport but negative to the Ontario airport's credit, Moody's Investors Service said.

The bondholders and insurer in the San Bernardino, Calif. bankruptcy case are both criticizing what they describe as the city’s lack of coherent financial disclosure.

California remains $664 million ahead of revenue projections for fiscal 2016 though cash for November was a half billion shy of expectations, according to the Department of Finance.