California

Moody’s Investors Service downgraded Lake Elsinore Unified School District, Calif.’s issuer rating to A3 from A2 and assigned a negative outlook.

Supporters of a California state school bond measure say they are confident of meeting a September deadline to gather enough signatures to place it on the November 2016 ballot.

Sacramento is set to sell $282 million of bonds to finance a basketball arena after prevailing in a lawsuit challenging the validity of the debt.

Freight transport executives are pushing Sacramento to support California ports by making them a funding priority.

Santa Barbara, Calif., will borrow $55 million from the state to reopen a closed desalination plant as it deals with a serious drought.

In a report with statewide resonance, an Orange County, Calif. civil grand jury report criticized the oversight of $2.7 billion of debt issued by community facilities districts in the county.

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.