California

Orange County, Calif. supervisors released a formal response this week to a scathing 35-page report from a grand jury alleging what jurors perceived as a pattern of corruption.

Standard & Poor's suspended its long-term and underlying ratings on various bonds for Hercules, Calif.'s public financing authority and Hercules Redevelopment Agency.

California's director of finance, Ana Matosantos, will leave and be replaced by Michael Cohen, Gov. Jerry Brown announced Friday.

Gov. Jerry Brown signed a budget Thursday that puts budget-busting deficits in the state's rear-view mirror.

Metropolitan Water District of Southern California has been able to use self liquidity with no reserve to refund out of variable-rate debt to attain interest savings.

Operators of an Orange County, Calif. tollway continue to face battles in efforts to move forward on extension plans.

Montebello, Calif., a city of 65,000 once the subject of eight audits, had its issuer rating upgraded Tuesday to Baa1 by Moody's Investors Service.

National Public Finance Guarantee confirmed that Weil, Gotshal & Manges was hired to replace Winston & Strawn as its counsel in the Stockton and San Bernardino bankruptcy proceedings.

A report by the San Diego Independent Budget Analyst found that the $898 million originally estimated as the city's cost to repair aging infrastructure may be outdated.

Foothill/Eastern Transportation Corridor Agency's plan to refund $2.5 billion may be delayed as it waits for approval from the California transportation department.

The California Public Employees' Retirement System was successful in its efforts to have Winston & Strawn, the law firm representing National Public Finance Guarantee Corp. disqualified from San Bernardino's bankruptcy case, according to court documents.

Mayor-elect Eric Garcetti announced on Monday that Ana Guerrero will serve as his administration's chief of staff.

A state commission on Wednesday approved 5% pay raises for California's top officials and lawmakers, according to reports

Standard & Poor analysts cite state takeover and interim administrator La Tanya Kirk-Carter's four-year contract in giving Inglewood Unified School District a BBB-minus rating and improved outlook.

Morgan Hill is set to become one of the few municipalities in California to refinance redevelopment debt since the big shutdown last year, and it plans special tactics to entice investors to its $100 million deal.

California lawmakers passed a $96.3 billion budget bill Friday, beating a constitutional deadline by a day.

St. Joseph Health System and Hoag Memorial Hospital Presbyterian, two California hospital systems that formed an affiliation, plan to price $763 million in debt on Wednesday through California Health Facilities Financing Authority.

Moody's upgraded San Diego, Calif.-based Sharp HealthCare's rating to A1 from A2 affecting approximately $475 million of outstanding debt.

Orange County Supervisor John Moorlach, a Republican, said he would not run for California governor.

Stockton City Manager Bob Deis will retire Nov. 1 after three years on the job that included guiding the city into bankruptcy, officials announced Wednesday.