California

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.

San Diego plans citywide special election on Dec. 15 to seek approval for a new stadium for the National Football League’s San Diego Chargers, who have threatened to build a stadium with the Oakland Raiders in Carson, a city south of Los Angeles .

Moody’s Investors Service downgraded Poway Unified School District general obligation bonds to Aa3.

Los Angeles officials unveiled the results of a three-year, $230 million renovation of Los Angeles International Airport’s Terminal 5 June 10.

A pair of California state senators on Wednesday introduced a proposed amendment to the Golden State’s constitution that would increase property tax revenues by increasing the assessed value of most businesses.

The Long Beach Community College District in California has paid the Internal Revenue Service about $1.01 million to settle tax issues concerning its $48.37 million general obligation bond issue from 2008.

The Southern California Logistics Airport Authority's already junk-rated bonds are on review for another downgrade by Moody's Investors Service.

The California Infrastructure and Economic Development Bank reported $3.3 million in net cash flow savings on a $90 million bond pricing.

California has improved its budget practices and Virginia has enacted pension reforms, but New Jersey has been unable to get past chronic pension and budget problems, a nonprofit group found in a report released Monday.

A recent ruling by the bankruptcy judge in San Bernardino’s Chapter 9 case, and the city’s bankruptcy exit plan, are credit negatives for San Bernardino's pension obligation bond investors, according to a Moody's report.

Moody’s Investors Services raised the San Francisco County Transportation Authority’s issuer rating to Aa1 from Aa2.