California

The $9 billion California school bond proposed by a coalition of educational lobbyists and the building industry has qualified for the Nov. 8, 2016 ballot.

Ambac Assurance Corp., in a bankruptcy court filing, says San Bernardino's plan of adjustment is more aspirational than real.

Issuance costs average 1.02% of principal nationally, while ranging to around 10% for some California school districts, according to a report from Public Sector Credit Solutions.

Standard & Poor's has put the San Mateo County (Calif.) Board of Education on negative watch and warned of a possible rating withdrawal later this month because the rating agency says the issuer is not providing information quickly enough.

A California study into conduit borrowers’ disclosure practices says the industry should try to make disclosure more consistent to allow investors to better evaluate investment alternatives.

California’s unemployment rate now sits at its lowest since February 2008 and year-to-date revenues are $474 million above the forecasted $13.36 billion, according to the state’s latest finance bulletin released Wednesday.

Moody's Investors Service upgraded Fresno, Calif.'s issuer rating to A3 from Baa1 and revised the city’s outlook from stable to positive citing its improved economic profile.

California’s public power utilities could face additional financial pressure over the medium to long term from the passage of new state legislation targeting greenhouse gas emissions, Fitch Rating said.

The San Francisco Bay Area Rapid Transit District will sell more than $350 million of highly-rated refunding bonds next week to refund bonds issued more than a decade ago.

California lawmakers passed legislation to change the way communities wind down their shuttered redevelopment agencies, leaving cities and their advocates trying to tally the effects of the last-minute bill.

California's legislative session ended Friday without a transportation funding plan, but legislative leaders vowed to complete the work through a conference committee this fall.

Fitch Ratings upgraded the San Francisco Airport Commission's approximately $77.6 million series 1997A and 2000A special facility lease revenue bonds to A-minus from BBB-plus.

A bill to give the Los Angeles County Metropolitan Transportation Authority more autonomy in public-private partnerships for highway projects could be affected by California’s transportation funding gridlock.

Fitch Ratings has placed $112.5 million of revenue bonds issued for the J. David Gladstone Institute on negative outlook due to "unsustainable" draws on the organization's endowment fund.

California’s August revenues came in $637.8 million higher than the amount anticipated when the 2015-16 budget passed in July, according to the state controller’s office.

Standard & Poor's has upgraded Eureka Redevelopment Agency, Calif. to BBB-plus from BBB, citing improved cash management.

Fitch Ratings downgraded to junk $683 million of Loma Linda University Medical Center, Calif. revenue bonds saying the hospital plans to issue more debt next year to tackle earthquake safety projects than it had anticipated.

Moody’s Investors Service downgraded the rating of Lancaster, Calif.-based Antelope Valley Hospital District further into junk territory citing the sudden resignation of the hospital’s chief executive officer this summer.

California's recent agreement with one of its employee unions to have employees prefund some of their retirement benefits is something its elected leaders want to extend to more state employees.

The Los Angeles Department of Water and Power expects to save $1.9 million when it refundings $271 million in power system revenue bonds on Sept. 15-16.