California

Moody's upgrades Mill Valley School District, California’s bonds to Aa1 from Aa2 affecting roughly $14 million of outstanding general obligation debt.

San Bernardino bondholders suffered a key bankruptcy court defeat this week as the city’s bankruptcy exit plan advances.

California has $80 billion of highway needs through 2025 with only $20 billion of available transportation funding.

Moody's Investors Service and Standard & Poor's both downgraded the California Institute of May 11 ahead of a $400 million taxable bond deal it plans to price on May 14.

The California State Water Resources Control Board's new water conservation mandate will reduce revenues available to pay bondholders, Fitch Ratings said.

Los Angeles Mayor Eric Garcetti announces new transportation technology advisor fellowship.

Turnover on the Poway, Calif. school board appears to have stalled movement toward refinancing and restructuring its controversial capital appreciation bond deal, which triggered state legislation limiting school district CABs.

The California’s Legislative Analyst’s Office released a review of the state sales tax May 6

California’s state’s personal income and corporate tax receipts for April were a combined $1.8 billion above projections for the month, according to information released by the Franchise Tax Board.

The California State Water Board’s newly approved water conservation rules will challenge some water utilities more than others, Fitch Ratings said.

Standard & Poor's Ratings Services revised its outlook on the California State Teachers' Retirement System to positive from stable and affirmed its AA-minus issuer credit rating

Moody’s Investors Service deemed a California appeals court ruling a credit negative and an impediment to the ability of California water suppliers to meet conservation mandates without financial repercussions, according to a report released May 3.

Pension obligation bonds are land mines municipal issuers should avoid, according to Janney Capital Markets.

Michael Milken, chairman of the Milken Institute, put a call-out to financial professionals to help solve California’s drought crisis and issues around climate change .

The Panama Canal expansion will benefit East Coast local governments near key ports, but West Coast ports will not lose business from the expansion, according to a Moody’s Investors Service report.

California needs to spend $853 billion on infrastructure for transportation, water and K-12 facilities over the next 10 years just to maintain the state's current infrastructure, according to a report released on April 28.

The Los Angeles City Council began budget hearings April 28 on the $8.5 billion budget proposed by the mayor for fiscal 2015-16.

A California appellate court's decision could reduce the economic flexibility of local governments and water utilities that analysts are already concerned could struggle to raise revenue in the arid conditions.

Los Angeles city officials say Mayor Eric Garcetti's 2015-16 budget proposal takes another large step forward toward resolving the city's structural deficit.

The state auditor both praised and criticized realignment and the health of the prisoners is still under federal receivership.