California

California lawmakers proposed legislation to accelerate more than $1 billion in bond spending for drought relief as the state enters its fourth year of drought.

Bel Air Investment Advisors LLC opens, a Los Angeles-area firm that manages $7 billion in assets including many munis, opened a San Francisco office as part of a larger expansion plan.

Ports on the West Coast are recovering from the cargo backup that developed during a recent labor dispute and are turning their attention to long-term strategic threats from ports in other regions.

Richard Jones has been tapped to head Nixon Peabody LLP's public finance practice.

California's Foothill/Eastern Transportation Corridor Agency failed again to get approvals from a water board needed to move ahead on a five-mile extension of one of its toll roads.

Phillip Washington, chief executive of the Regional Transportation District in Denver, was named to head the Los Angeles County Metropolitan Transportation Authority.

The official decline in the number of fiscally-stressed California schools is a credit positive, according to Moody's Investors Service.

A report from the California Debt and Investment Advisory Commission showed that school districts’ need for short-term borrowing declined in lock-step with the passage of Proposition 30

The written opinion issued by U.S. Bankruptcy Judge Christopher Klein in Stockton’s bankruptcy conveys a mixed message for investors, according to a Moody's Investors Service report.

The California Supreme Court will review appellate court ruling that San Diego Association of Government's 40-year transportation did not meet environmental laws.

AEG gives up the ghost on plans to build an NFL stadium in downtown Los Angeles; San Diego renewed efforts to keep its NFL team.

A successful sale of unrated Mello-Roos bonds backed by undeveloped land may be an indication that investors are willing to buy California dirt bonds again.

Lawyers, issuer officials, and others consulted about the fund agreed that the three firms did nothing against the rules when they gave the money to the fund, which is governed by a board independent of the city leadership and which does nothing to politically support Garcetti or any other political interest.

Peter Taylor, former chief financial officer for the University of California, has been appointed to the California State University Board of Trustees.

Prime Healthcare backed out of deal to purchase California's ailing Daughters of Charity Health System, a six-hospital chain, because it objected to conditions imposed by California Attorney General Kamala Harris.

The California controller's monthly cash report for February beat the estimates in the governor's proposed budget by $1 billion.

Moody's Investors Service confirmed its A3 rating for Marysville, Calif.'s $12.7 million in sewer revenue bonds Monday following the completion of a review for downgrade.

Moody's revised methodology for utility credits has resulted in Merced County Regional Waste Management Authority, Calif.'s Baa3 rating being placed under review for upgrade.

The Sierra Kings Health Care District in California has paid the U.S. Treasury $20,000 to settle tax issues and preserve the tax-exempt status of bonds it sold in 2007 and 2009.

National Football League stadium proposal in Inglewood is a credit positive for the city, according to Moody's Investors Service.