California

The Los Angeles Department of Water and Power is proposing rate increases over a five year period on the water and power side to deal with an aging infrastructure.

San Francisco's $25 billion construction portfolio, including bond-financed projects, suffers from a serious lack of oversight, according to a new report from the county's Civil Grand Jury.

The Daughters of Charity Health System has reached an agreement with a private investment firm that will invest $250 million in the ailing California hospital nonprofit.

The most controversial aspect of the bill affecting water districts in 17 Western states is that it would repeal California's authority to implement the San Joaquin River Restoration Settlement Act.

California Gov. Jerry Brown has signed a new law securing revenues for general obligation bonds issued by local governments — a move designed to protect bondholders in a bankruptcy proceeding. But rating agencies have mixed feelings about whether it will be of much benefit to holders of local GOs in the nation's most populous state.

Stockton, Calif., chief financial officer Vanessa Burke, who weathered the storm of the city's bankruptcy, has joined Urban Futures, Inc.'s public management team.

Pepperdine University received Double A ratings from two rating agencies ahead of plans to price a $77 million revenue bond refunding the week of July 20.

California continues to beat revenue projections, according to California Controller Betty Yee's June cash report.

Retired investment banker Earl Hamlin has been elected president of the Port of Oakland Board of Port Commissioners.

San Jose (Calif.) Redevelopment Agency received an upgrade to BBB from BBB-minus from Fitch Ratings affecting $1.5 billion of bonds.

California Controller Betty Yee said Thursday a review of West Covina's administrative and accounting controls uncovered serious deficiencies.

A battle between Fresno Unified School District and a developer playing out in California courts could be costly for the state's school districts.

San Diego Mayor Kevin Faulconer's fiscal 2016 budget doubles the annual amount the city spends on street repairs to $74 million.

Successor agencies to California's redevelopment agencies have experienced more upgrades than downgrades, Standard & Poor's said in a recent report.

Standard & Poor's upgraded California's general obligation rating to AA-minus from A-plus.

Bridge Strategic Partners has become the California Statewide Communities Development Authority's new program administrator.

Vernon, Calif., an industrial Los Angeles-area city, plans to issue $110 million in taxable electric revenue bonds for interest rate savings and to eliminate exposure to interest rate swaps.

Single-A rated Chapman University's $130 million of unsecured general obligation bonds will seek bond investors flush with cash from July 1 interest payments.

California’s forecast of strong revenue growth is a credit positive for both the state and local governments, according to a Moody’s Investor Service report.

Moody's Investors Service placed the ratings of 45 California tax allocation bonds on review for upgrade in conjunction with new rating agency methodology.