California

An adverse vote from the California Coastal Commission will delay Poseidon Water's plans for a Huntington Beach desalination plant by up to a year.

Morgan Hill, Calif., is implementing special tactics in its $88 million refunding sale of tax allocation bonds in order to make the redevelopment debt more attractive for investors.

An Escondido, Calif. charter school foundation that went into technical default on its bonds in July 2012 has received an improved outlook for its BB-minus rating from Standard & Poor's.

Los Angeles Department of Airports bonds received a healthy reception as the operator of Los Angeles International Airport hits the halfway mark on a $7.2 billion modernization project.

During a board meeting Wednesday, the University of California's new president proposed a tuition freeze for the next academic year in order to keep costs affordable.

Standard & Poor's raised its rating to AAA from AA-plus with a stable outlook on Mesa Water District, Calif.'s subordinate-lien series 2010 revenue certificates of participation.

Desert Hot Springs, Calif. officials avoided steps that would lead to its second Chapter 9 bankruptcy during a special meeting, but the city hasn't resolved its fiscal crisis yet.

The California State Public Works Board is leading the new issue calendar this week with a $625 million sale of lease revenue bonds scheduled for Thursday.

The California Public Employees' Retirement System wants to skip steps in its appeal of the order granting San Bernardino, Calif., the eligibility to be in Chapter 9 bankruptcy.

Stockton's vote to approve raising the sales tax is a credit positive for the city and for its bond insurers as it increases the likelihood that the bankruptcy exit plan will be approved, according to Moody's Investors Service.

Fitch Ratings downgraded Fresno, Calif.'s subordinate lien water revenue bonds to A-plus based on weakening finances.

The bankrupt city of Stockton, Calif., is planning to sell $55 million of water revenue bonds next week to convert its outstanding variable rate bonds to fixed-rate.

Moody's Investors Service downgraded the issuer rating for Torrance Memorial Medical Center to A3 even as the Southern California hospital looked to complete construction on its new patient tower six months early.

Recent Bay Area Rapid Transit strikes highlighted credit risks for local governments in that region, according to Fitch Ratings.

Los Angeles Unified School District may slow its proposed bond-financed $1 billion roll-out of iPads to every student following missteps in the program's first phase.

Texas voters approved a $2 billion water bond program Tuesday in the largest of many bond related issues voters decided in the off-year.

Stockton residents voted to approve a sales tax increase that will help the city fund its plan to exit Chapter 9 bankruptcy.

California is set to sell $300 million of floating rate general obligation bonds this week to finance various air safety and transportation projects.

If approved, Stockton’s plan to exit bankruptcy identifies negotiation strategies, legal ambiguities, and potential consequences for future municipal bankruptcies, according to Fitch Ratings.

A U.S. Department of Education's warning that California school testing legislation violates federal law is a credit negative for the state's school districts, according to Moody's Investors Service.