California

Mark Kaufman, known for his work in the Harrisburg restructuring, has relocated from McKenna Long & Aldridge's Atlanta office to San Francisco, where he will lead the firm's municipal restructuring practice.

While Napa Valley's water and sewer utilities took a hit from the recent earthquake that struck the area, damages are management and do not have any immediate impact on credit ratings, according to Standard & Poor's.

Los Angeles Unified School District officials issued a statement Tuesday saying the district still plans to put an electronic tablet in the hands of every student after scrapping its original contract for iPads and software after questions were raised about the procurement.

The Port of Los Angeles, an infrequent issuer, plans to price a $339 million combined new money-refunding with AMT and non-AMT the week of Sept. 1.

The Kroll Bond Ratings Agency assigned its AA rating to Los Angeles' general obligation bonds Tuesday, its first rating of the city.

A push from California Republicans to reverse a proposal to cap budget reserves among school districts failed to gain the necessary support in the legislature last week.

A recent decision by the California Public Employees' Retirement System to approve new pension calculations will increase the costs of pension obligations among public employers, according to Fitch Ratings.

Audits conducted by the state controller's office found that a California prison and psychiatric hospital have engaged in improper payroll practices, resulting in the overpayment of many state employees.

A bill to put a $4.3 billion school facilities bond on the November ballot died in the California Senate in the face of opposition from Gov. Jerry Brown

Former Congressman Mel Levine reappointed to board that sets policy for the Los Angeles Department of Water and Power.

Los Angeles Mayor Eric Garcetti strenthened his efforts to make the city more transparent with the appointment of a chief data officer.

Moody's Investors Service on Tuesday withdrew its general obligation bond rating on Tehachapi Valley Healthcare District, Calif. citing a lack of financial information for fiscal 2013, affecting $63 million in debt.

California's new law to require issuers to disclose bank loans will likely result in lower borrowing costs, according to a report from Municipal Market Advisors.

San Bernardino has reached a tentative agreement with its police union just two months after it struck an agreement with the California Public Employee's Retirement System.

The Securities and Exchange Commission is investigating West Contra Costa, Calif. United School District and its general obligation bond financings dating back to 2009.

The Senate Appropriations Committee unanimously approved AB 2235, creating a bond for $4.3 billion - less than half of the $9 billion in the original school facilities bill on Thursday.

Unable to recover from its financial woes, the Doctors Medical Center in Contra Costa County is being pressured to close or significantly downsize, which could impose a financial burden on the county, according to Moody's Investors Service.

Though New Jersey and California are on starkly different credit paths, municipal analysts said their recent trading patterns suggest equally-strong demand.

Moody's Investors Service on Thursday upgraded San Diego County's issuer rating to Aaa and bumped up its lease and pension obligation bond ratings a notch to Aa2.

After months of debate that stretched legislative deadlines, California lawmakers and Gov. Jerry Brown finally agreed on a $7.5 billion water bond measure to put on the November ballot.