California

The Internal Revenue Service is auditing $12.84 million of unlimited tax school building bonds issued in 2010 by the Anahuac Independent School District in Texas as part of an examination of small governmental bond issues.

Muni finance veteran Catherine Bando has been appointed as executive director of the California Statewide Communities Development Authority.

The city of Stockton, Calif. now has a new city manager, Kurt Wilson, to help guide it through the remainder of its bankruptcy process.

Moody's Investors Service has downgraded the issuer rating on Fresno, Calif. to Baa1, and about $300 million of related debt a notch further into junk territory.

The state of California has chosen San Jose and the Santa Clara Unified School District to purchase an 81-acre former mental institution property.

Oakland, Calif.-based KNN Public Finance, a division of Zions First National Bank, announced on Friday it has opened a Southern California office in Irvine with new hires Blake Boehm and Justin Rich.

Fitch Ratings upgraded Mendocino County, Calif.'s pension obligation bonds Series 2002 ratings to A from BBB-plus affecting $74.2 million in debt, and also boosted the implied general obligation rating two notches.

The Federal Reserve Bank of San Francisco appointed Gina Marie Lindsey, executive director of Los Angeles World Airports, to the board of its Los Angeles branch.

Gov. Jerry Brown's recent declaration of a statewide drought is a credit negative for local water agencies in California, according to Moody's Investors Service.

California Gov. Jerry Brown's proposed a redevelopment replacement in his new budget, but it falls short of what redevelopment advocates have been hoping for.

California Treasurer Bill Lockyer appointed Deana Carrillo to head the California Alternative Energy and Advanced Transportation Financing Authority.

The California Infrastructure and Economic Development Bank plans to price $97 million combined refunding/new money on Jan. 23 as part of its plans to ramp up lending.

Gov. Jerry Brown laid out his priorities for California in his State of the State Address on Wednesday.

Most California water agencies are well-positioned to withstand a typical drought, but a more severe, or longer-than-usual drought, could put pressure on ratings, according to rating agencies.

ABAG Finance Authority is selling $168 million of recently upgraded revenue bonds next week for a healthcare system in San Diego County.

Gov. Jerry Brown's proposed budget is a credit positive for California's school and community college districts, according to Moody's Investors Service.

Despite California Gov. Jerry Brown's efforts to reduce prison overcrowding, a favorable ruling from a U.S. District Court three-judge panel that would lift court oversight of the state's prisons has remained elusive.

A state court ruling stopping California from selling $8 billion of bonds for high-speed rail could result in a cutoff of billion in federal matching funds as well.

Standard & Poor's changed its outlook on California to positive from stable based on Gov. Jerry Brown's budget proposal for fiscal year 2015.

Gov. Jerry Brown's proposed budget for fiscal year 2015 is a step toward continuing California's fiscal recovery, according to Fitch Ratings.