California

California Governor Jerry Brown ratcheted up water restrictions on Wednesday to deal with the state's ongoing drought.

Los Angeles city leaders announced renewed efforts to improve the city’s miles of crumbling sidewalks in conjunction with a settlement in a case brought under the Americans With Disabilities Act.

City and County officials in San Diego have joined forces to explore stadium options to retain the city’s National Football Team, the San Diego Chargers.

Weakened financial operations resulted in the downgrade of $47.4 million of Conejo Valley Unified School District general obligation debt to A1 from A3, according to Moody's.

The new California State Water Resource Board's water restrictions for California residents and urban water suppliers are a credit positive, according to Moody's Investors Service.

The San Bernardino, Calif. bankruptcy differs from other municipal bankruptcies because the city's leaders are unable to strike deals with creditors, Ambac Assurance Corp.’s attorney said

California Treasurer John Chiang on Thursday appointed 12 individuals to a task force he commissioned to develop best practice guidelines on the fiduciary care and use of state and local bond proceeds.

San Diego is moving ahead with plans to price $120 million in bonds in April in the face of an appeal of a court ruling that the city can legally issue the bonds.

Franklin Templeton Investments filed its first brief on March 25 appealing the ruling that allowed Stockton to exit bankruptcy.

Standard & Poor’s joined Fitch Ratings in upgrading the rating on the California Department of Water Resources power revenue bonds.

Fitch Ratings upgraded bonds issued by the California Department of Water Resources after a state of emergency was declared in 2001 to deal with soaring energy prices.

Tobacco bonds may be on their way to the biggest volume since 2007, led by Wednesday's $1.7 billion sale from California, as issuers refinance amid a decline in smoking that's cut deeply into revenue.

Brian White, chief executive of the $10.4 billion San Diego County Employees Retirement Association, has resigned effective March 30.

Municipalities in fiscal crisis faced diminished abilities to manage federal grants because of workforce reductions, decreased financial capacities and outdated information technologies, the U.S. Government Accountability Office concluded in a report.

Fitch Ratings upgraded San Francisco Community College District, Calif.’s general obligation bonds to A from BBB-plus.

A coalition comprised of businesses, labor union, community groups and non-profits took a significant step forward on plans to build a desalinization plant in Huntington Beach, Calif.,

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.