California

California's Legislative Analyst's Office said Gov. Jerry Brown's proposed budget would set the state on even stronger fiscal footing and continue its budgetary progress.

California Assemblyman Jeff Gorell, R-Camarillo, has filed paperwork for a ballot measure that would prohibit the sale of voter-approved bonds for the state's high speed rail project.

Standard & Poor's on Jan. 8 raised to investment grade the underlying rating of Citrus Valley Health Partners' certificates of participation and gave the COPs a positive outlook.

California's drought could have negative financial impacts on some of the state's public power agencies, according to a report from Fitch Ratings.

San Francisco is planning to sell $210 million of general obligation bonds next week to a market that's hungry for California paper.

Ron Nichols, general manager of the Los Angeles Department of Water and Power, announced that he is stepping down at the end of the month.

California Gov. Jerry Brown proposes paying off the state's long-term debt, including all economic recovery bonds, and adding to its rainy day fund in his $106.8 billion general fund spending plan.

Los Angeles is hosting its 2nd Regional Investor Conference 2014 on Feb. 26-27 at Universal Studios and Paramount Studios.

According to a recent report from the Legislative Analyst's Office, California's tax revenue collections for the month of December are above monthly projections in the state's budget plan.

Los Angeles modified two RFQs to allow underwriters to work as the city's financial advisor on bond issues, but only if they turn down underwriting business in California.

Both supporters and opponents of the statewide pension reform initiative take issue with California Attorney General Kamala Harris's summary of the measure prepared for the November ballot.

Los Angeles County Sheriff Lee Baca announces plan to retire at end of the month even as 18 current and former sheriff's deputies face charges.

Bell, Calif., which achieved national notoriety after corrupt leaders pilfered city coffers, has turned a financial corner with the aid of court settlements and a $15 million property sale.

The San Francisco Unified School District is planning to sell $205 million of general obligation bonds on Thursday to finance construction and improvements throughout the district.

Most California school districts appear to be on the road to financial recovery with the help of new state funding amid economic recovery.

Fitch Ratings has assigned an AAApre rating with a negative watch to $2.3 billion Foothill/Eastern Transportation Corridor 1999 revenue series bonds that are being pre-refunded using the proceeds of a refinancing of the bonds conducted earlier this month.

A Los Angeles County joint powers authority achieved $33.6 million in gross savings on its inaugural $145 million refunding in a program for redevelopment successor agencies.

Carlo Savini Fowler, a California bond attorney in public finance for more than 45 years, died on Dec. 6. He was 81.

Fitch Ratings said it may downgrade the ratings on Sacramento City Unified School District, ahead of its $40 million refunding bond deal.

As Fresno, Calif. continues to struggle with a weak economy, rising labor costs, and falling bond ratings, market participants express concerns of bankruptcy risk.