California

The amount of capital appreciation bonds issued by school districts in California declined substantially in 2013 from previous years, according to the California Debt and Investment Advisory Commission.

A review from Fitch Ratings of sales tax revenues among local governments in California shows the economic recovery has been uneven.

Palo Alto, Calif.-based Lucile Salter Packard Children's Hospital received Double A ratings from the three top rating agencies ahead of plans Monday to price $100 million in fixed-rate revenue bonds and $100 million of unrated, private placement, variable rate bonds.

Deciding a letter was not enough, U.S. Rep. Tony Cardenas followed up with a visit Tuesday to the factory of the popular Sriracha hot sauce under fire from residents and the Irwindale City Council.

California Gov. Jerry Brown Jr. appointed Jodi Remke as chairperson of the California Fair Political Practices Commission on April 23.

After nearly 30 years with the city, Los Angeles Chief Legislative Analyst Gerry Miller announced on Tuesday plans to retire August 29 in a letter to the City Council.

An Orange County, Calif. citizens' group says it will file a lawsuit in an attempt to invalidate $265 million in bonds issued for an expansion to the Anaheim convention center.

The state of California sold $750 million of general obligation bonds in a competitive deal on Tuesday, with Wells Fargo submitting the winning bids.

Standard & Poor's downgraded Daughters of Charity Health System, Calif. by six notches to junk level B-minus following the system's earlier announcement that it is looking for buyers for its hospitals.

Standard & Poor's has revised the outlook to stable from negative on the Stockton Public Financing Authority's outstanding tax increment financing bonds.

U.S. Rep. Tony Cardenas told the manufacturer of the popular Sriracha hot sauce if Irwindale, Calif. doesn't want your factory the San Fernando Valley will take it.

California Gov. Jerry Brown has called a special legislative session for later this month to take up changes he has proposed for the state's Rainy Day Fund.

Restitution from seven corrupt former Bell, Calif. city leaders is expected to total more than $18 million, but the city's current finance director isn't convinced the city will see that money.

An audit of Cudahy, Calif. by State Controller John Chiang found misuse of taxpayer dollars, contract violations, mismanaged state grant funds, and more questionable financial practices.

California is planning to sell $750 million of general obligation bonds next week to fund transportation projects and refund outstanding commercial paper debt.

Proposed California legislation that could put $1.5 billion in bond proceeds from former redevelopment agencies into play could be credit positive for local governments, according to Fitch Ratings.

Hercules closed on its tender offer Thursday avoiding potential bond defaults and sealing the deal on the sale of its utility to invester-owned Pacific Gas & Electric.

San Mateo County is planning to sell $210 million of lease revenue bonds to finance construction for a new correctional facility in Redwood City, Calif.

A comprehensive bill introduced by California Sen. Darrell Steinberg seeks to resolve some of the thornier issues involved in winding down redevelopment agencies including what to do about $1.5 billion of bonds issued in 2011 that are stuck in limbo.

Chicago-based William Blair & Co. is bolstering its sales and trading group in Chicago and California and making a push into the Los Angeles market with a new office staffed with veterans from De La Rosa & Co. led by Christopher Tota.