California

A plan to use eminent domain to help homeowners with underwater mortgages is a credit negative for Richmond, Calif., according to Moody's Investors Service.

Fitch Ratings Agency placed the Foothill/Eastern Transportation Corridor Agency on Rating Watch Negative, affecting $2.3 billion in debt.

A bond restructuring by Southern California Public Power Authority on roughly $320 million in natural gas prepay debt resulted in two ratings upgrades.

Supporters of a San Diego Convention Center expansion reaffirmed their support for the plan in an attempt to counteract an alternative plan proposed by the NFL San Diego Chargers.

The University of California is planning to sell $2.6 billion of revenue bonds next week to restructure all of its outstanding lease revenue bonds issued by the State Public Works Board.

Moody's Investors Service affirmed ratings on $6.5 billion of debt issued by 14 California transit agencies and revised outlooks to stable.

Gov. Jerry Brown has appointed a new chief deputy director for budget at the California Department of Finance.

A judge dismissed the lawsuit brought by trustees representing a group of investors seeking to block Richmond, Calif.'s eminent domain plan.

Two bills aimed at clarifying the process for dissolving redevelopment agencies were sent to the governor for his signature, while others were put on hold until next year.

Fitch Ratings by Kern County, Calif. ratings on negative watch over financial woes being experienced by a county-owned hospital.

Rocketship Education, a San Jose-based charter organization, is moving forward with plans to open a charter school in Morgan Hill, Calif. despite failing to secure approval from the city council.

A measure to restore some funding that Orange County, Calif., lost during changes in apportionment of a state vehicle license fee passed the California legislature.

The bifurcated recovery between California's coastal and inland regions continues to be a drag on the state's economy, according to the UCLA Anderson Forecast's third quarterly report of 2013.

Santa Clara, Calif. must return approximately $273 million it received from its now dissolved redevelopment agency, according to a review from the State Controller.

A group of San Bernardino residents achieved success in efforts to have three city officials face a recall election during the city’s regular primary election on Nov. 5.

The West Coast Infrastructure Exchange, has released a draft of standards to help select the public infrastructure projects it will support for private investment.

Richmond, Calif., took a step toward setting up a mortgage principal reduction program for homeowners using its eminent domain powers to seize loans.

California’s August revenues were down by just four-tenths of a percent, according to a recent report from the State Controller.

California Gov. Jerry Brown and the state’s legislative leaders made a deal to avoid a federal court order that could unlock the prison gates for thousands of felons.

California Sen. Kevin De Leon, a Los Angeles Democrat, introduced a bill he said would deter corrupt officials from receiving bloated pensions.