California

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.

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.