California

Standard & Poor's revised the outlook to negative and affirmed an A-plus rating on Kern County, California's long-term debt after the county declared a fiscal emergency when oil prices fell.

Inglewood, Calif. and San Diego mayors discuss professional football stadium plans for their cities in the week leading up to the Super Bowl.

Moody's Investors Service has placed Kern County under review for a possible downgrade affecting approximately $86 million in debt.

Clarke Howatt, finance director for the Association of Bay Area Governments, is being sought by San Francisco law enforcement officials in the theft of $1.3 million in bond money from a regional planning agency, according to the San Francisco Chronicle.

California's recovery resulted from reduced spending, not just higher revenues, according to a Standard & Poor's report.

Oil-dependent Kern County, Calif. declared a fiscal emergency Tuesday anticipating a shortfall with oil prices down; one-third of the county's property tax revenues come from oil companies.

A taxpayers' group in San Diego County won a legal battle in its challenge to the way the school district spends its voter approved bonds.

Los Angeles International Airport will point to increasing passenger counts and progress on its expansion plan when it sells about $500 million of bonds.

A Medicare violation self-reported by the Mendocino Coast Health Care District could delay its efforts to exit Chapter 9 bankruptcy, according to a Standard & Poor's report.

California's attorney general's office needs two additional weeks to complete its required review of the proposed sale of non-profit Daughters of Charity Health System to for-profit Prime Healthcare.

Fitch Ratings views favorably two recent developments in San Francisco Community College District's accreditation battle, according to a report released Friday.

California's long-term ratings from all rating agencies could hit double-A levels if current conditions continue, according to a Municipal Market Analytics report.

U.S. Bankruptcy Judge Christopher Klein has denied a request by Franklin Templeton Investments to stay Stockton's Chapter 9 bankruptcy exit.

Moody's Investors Service revised its outlook from stable to positive on the Beverly Hills-based Cedars-Sinai Medical Center's long-term revenue bonds. It affirmed its A1 rating

Former Orange County Supervisor John Moorlach officially announced his decision to run in a special election for the 37th State Senate District.

California Gov. Jerry Brown's proposed 2015-16 budget is mostly positive for school districts, Fitch Ratings said.

California Gov. Jerry Brown’s budget dedicates additional funding to schools from boosted revenues for operating costs, but he proposes to shut down the state's K-12 school bond program.

Paul Rosenstiel, a managing director of public finance at Stifel, Nicolaus & Co, has been reappointed to the California State Teachers' Retirement Board by California Governor Jerry Brown.

Fitch Ratings downgraded Oroville Elementary School District to A-plus from AA-minus based on a structural imbalance that has steadily eroded the district's previously solid fund balances.

A union opposed to the sale of nonprofit California hospital system Daughters of Charity to a for-profit operator has filed a National Labor Relations Board complaint as it fights to derail the transaction.