California

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.

The California Public Employees' Retirement System board deemed as precedential a decision to cut the $457,000 annual requested pension of former Bell Police Chief Randy Adams by more than half.

A California task force formed after $1.3 million in bond proceeds was embezzled from a conduit issuer could have a draft proposal by late July.

The Los Angeles Department of Water and Power signed an agreement June 21 to sell its' share in the Navajo Generating Station as part of plans to get the city off coal by 2025.

Standard & Poor’s revised the outlook from negative to stable and affirmed a junk rating on bonds issued for a Los Angeles-based charter school chain now that revocation of its charter is no longer an issue.

The entire California legislature voted Friday to approve the $115.4 billion budget compromise struck between the governor and legislative leaders earlier in the week.

The city of Los Angeles will be coming to market with the city's annual tax and revenue anticipation notes or TRANs on June 24. As part of the city’s muni road show, the presentation team for the city took some time between meeting with investors to speak to The Bond Buyer in its’ New York office.

California’s budget and revenue outlook is so sunny that the state doesn’t plan to issue revenue anticipation notes this year.

The San Diego Chargers threw cold water on a joint proposal by the city and county aimed at keeping the team in the city.

The Bob Hope Airport in Burbank plans to sell a 59-acre parcel upon which a replacement terminal was originally proposed.

Moody’s Investors Service downgraded Hayward Unified School District bonds one notch and assigned a negative outlook; Standard & Poor’s assigned a negative outlook.