California

California State Controller John Chiang released his monthly cash update for February, showing the state's revenues came in above projections.

The California Public Employees' Retirement System said it lowering the $551,000 annual pension of convicted felon and former Vernon city manager Bruce Malkenhorst to $116,000 a year.

California State Controller John Chiang released a report showing the state's health care liabilities total $65 billion and suggested a way to reduce that amount.

California could see low borrowing costs next week when it brings $1.6 billion of general obligation debt to market.

The Los Angeles Department of Water and Power doesn't expect to completely work through problems associated with a new computer billing system that resulted in revenue shortfalls until year end.

The Irvine, Calif.-based Transportation Corridor Agencies has placed Chief Executive Officer Neil Peterson on leave after a dust-up involving contract approvals.

Moody's Investors Service on Feb. 28 revised its outlook from negative to positive on $3.02 billion in outstanding California Housing Finance Agency's home mortgage revenue bonds and affirmed a Baa2 rating on the bonds.

Moody's Investors Service has placed the rating on the California Housing Finance Agency's multifamily revenue bonds on review for upgrade.

California Gov. Jerry Brown has signed legislation aimed at helping communities deal with impacts from the state's record drought, largely by fast-tracking spending from already voter-approved bond measures.

Bank of Tokyo Mitsibushi UFJ continues its efforts to grow its public finance business across the U.S. by hiring Christopher Baron as a managing director in its Los Angeles office.

The governments of Los Angeles plan to issue $5.5 billion in debt over the next year, Los Angeles City Administrative Officer Miguel Santana told Los Angeles' 2nd Regional Investors Conference

The PFM Group announced Thursday that Jamie Doyle, David Eichenthal, Sarah Hollenbeck, and Sergio Masvidal have all been promoted to managing director.

Sales of municipal bonds in the Far West bucked the national trend in 2013 by rising from 2012, as new money swapped with refundings as the market driver in the region.

The Los Angeles economy is improving, but the city still anticipates a $242 million deficit for fiscal 2014-15, according to presentations made at the city's investor conference held Wednesday at Universal Studios in Hollywood.

At the request of a healthcare workers union, California Treasurer Bill Lockyer has asked the state's debt commission to study the disclosures non-profit hospitals make to the bond market.

The Southern California Public Power Authority is planning to finance its acquisition of a Nevada natural-gas power plant with a $322 million sale of revenue bonds.

California's Department of Water Resources sold $162 million of water revenue bonds on Tuesday to finance construction and to refund outstanding debt.

The California Legislature has another water bond proposal to consider as more lawmakers proposed a $7.9 billion water bond to replace the $11 billion water bond set to go before voters in November.

Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.

California's Department of Water Resources is planning to sell $165 million of water revenue bonds to finance construction on a water system and to refund outstanding debt.