California

The San Francisco Public Utilities Commission's water and power enterprise operations have not been impacted by California's wildfire, according to recent disclosure filed with the MSRB.

Gov. Jerry Brown has proposed legislation to avoid a mass release of prisoners. It would cost California up to $315 million.

California Governor Jerry Brown plans to spend $315 million from state reserves this year to meet a federal court order to reduce overcrowding in the state's prisons.

California sold $764 million of general obligation bonds in a competitive offering on Tuesday. Citi and JPMorgan won the auctions.

Richmond, Calif.'s plan to seize underwater mortgages using eminent domain could have a far-reaching impact on the U.S. residential mortgage-backed securities market, according to Standard & Poor's.

Mayor Eric Garcetti and union representatives for the Department of Water and Power reached an agreement on a new labor contract, ending months of negotiations.

With higher credit ratings and tighter spreads, California is set to sell $764 million of general obligation bonds in a competitive sale next week.

A review from the California State Controller's office found that Oakland, Calif. received $170 million in inappropriate transfers from the city's now dissolved redevelopment agency.

In the last four weeks of its session this year, the State Senate must take up roughly 700 bills, including the twice-delayed $11 billion water bond that's being reconsidered.

Stockton's city council selected a headhunter this week to help find the next city manager to replace Bob Deis when he retires in November.

California State Controller John Chiang has updated the state’s website of government employee compensation with the latest pay data.

California was not the only target of a transit union's efforts to exempt transportation employees from state pension reform efforts. Wisconsin, Minnesota, New Jersey and Massachusetts have complied.

Standard & Poor's revised its outlook to stable from negative on Madera County's Irrigation District.

Los Angeles Mayor Eric Garcetti threw down the gauntlet on the Los Angeles Department of Water and Power contracts prior to an all-day Friday council session to discuss the subject.

The tax-exempt market ended weaker Thursday, following Treasuries, as two major deals priced in the primary market, including $5.5 billion of California notes and Chicago Parks District.

California priced $5.5 billion of revenue anticipation notes on Thursday at its lowest interest rates in decades.

Sales of municipal bonds in the Far West region grew by almost 11% during the first half of 2013 compared to a year earlier as low rates continued to drive volume.

The credit ratings of 15 California transit agencies are on review for downgrade by Moody's Investors Service because the Obama administration is challenging changes to state pension law.

Los Angeles Mayor Eric Garcetti announced his seven appointments to the city airport board that formulates policy for Los Angeles International Airport and three other airports.

The Los Angeles City Council has cleared its Friday council agenda in order to spend the entire council session discussing the four-year contract with Los Angeles Department of Water and Power workers.