California

The Los Angeles Unified School District board extended Superintendent Sean Deasy’s contract to June 2016 after nearly five hours of discussion in closed session.

Moody’s Investors Service has completed its review of California tax allocation bond ratings, making 12 upgrades and nine downgrades and leaving most redevelopment bonds at speculative grade.

The San Diego City Council Infrastructure Committee approved $121 million in lease revenue bonds bond for street repairs, public safety building improvements, and a variety of other projects.

Standard & Poor's has upgraded Sausalito, Calif.'s general obligation bond rating two notches based on its recently released new local GO criteria.

Los Angeles Mayor Eric Garcetti announced Monday that City Administrative Officer Miguel Santana will keep his job as the city's top budget advisor.

Attorneys representing Victorville, Calif. and its officials argued in court that SEC fraud charges in connection with a 2008 bond offering should be dismissed.

Moody's Investors Service downgraded Lake Elsinore, Calif., Unified School District's issuer rating on Oct. 25 two notches to A2 from Aa3 affecting $31.5 million in debt.

Moody's Investors Service downgraded Ontario International Airport's revenue bonds to Baa1 from A3 with a stable outlook affecting $67.1 million in outstanding bonds.

In its first bond sale since 2006, the once bankrupt city of Vallejo, Calif. is planning to offer $19 million of water revenue refunding bonds next week.

Moody's Investors Service revised Citrus Valley Health Partners outlook to positive from stable and affirmed its Ba2 bond rating affecting $67.7 million in rated debt.

The California Public Employees' Retirement System has filed documents appealing San Bernardino, Calif.'s eligibility to be in chapter 9 bankruptcy.

California counties' savings from the health insurance expansion under the Affordable Care Act will be offset by other state funding cuts, according to Moody's.

California sold $2.28 billion of general obligation bonds on Tuesday, which generated larger refunding savings than estimated.

After a four-day strike, union workers and San Francisco Bay Area Transit management have reached a tentative agreement on labor contracts.

The San Francisco Bay Area Rapid Transit District strike is a credit negative for the transit system, according to Moody's Investors Service.

The California Public Employees' Retirement System plans to appeal the bankruptcy court ruling declaring San Bernardino eligible to be in Chapter 9 bankruptcy.

Teveia Barnes and Ruben Rojas, the duo named to head the California Infrastructure and Economic Development Bank, plan to make the I-Bank a more active lender.

The U.S. Supreme Court refused to hear California Gov. Jerry Brown's appeal of a lower court ruling that the state cut its prison population by 9,600 prisoners.

San Jose Mayor Chuck Reed, and four other California city mayors, filed papers Tuesday with the California Attorney General's office in the first step toward qualifying a statewide public pension reform measure for the November 2014 ballot.

Moody's Investors Service changed the outlook Tuesday on debt issued for Stockton, Calif.'s two Mello-Roos districts to stable from developing and affirmed the underlying Baa2 ratings on the two series rated by the agency.