California

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.

The process of adopting California's budget is no longer a drama that holds much interest for the municipal bond market as the state's fiscal house becomes sturdier after years of dilapidation.

Stockton, Calif., officials said the city reached an agreement on health benefit claims with retirees in its bankruptcy case.

Moody's Investors Service placed Antelope Valley Healthcare District's Baa3-rated bonds on review for downgrade following the unexpected resignations of the chief executive officer and the chief financial officer.

California Gov. Jerry Brown reached a deal with lawmakers on Monday on key parts of the state general fund spending plan, laying a foundation for an on-time balanced budget.

Stradling Yocca Carlson & Rauth has hired Dan Deshon, a 27-year bond industry veteran, to help expand its utility practice in the Far West.

A bill that would enable the Los Angeles Department of Water and Power and other public California water utilities to issue project-specific bonds through a joint powers authority is moving through the state legislature.

Moody's Investors Service said it has raised its rating on $5.2 billion of California economic recovery bonds to Aa2 from Aa3.

Ontario, Calif. officials filed a lawsuit to have their regional airport returned to local control following a three-year battle with Los Angeles officials.

Los Angeles County received the highest possible short-term bond rating from the three largest rating agencies ahead of plans to purchase $1 billion in short-term paper.

Judith Frank, 71, of Los Angeles, has been re-appointed to the California Health Facilities Financing Authority.

The Federal Bureau of Investigation Tuesday raided the offices of Sen. Ron Calderon, D-Montebello, according to local reports.

Los Angeles and Riverside counties are working on programs designed to help redevelopment successor agencies handle refundings to capture interest-rate savings on bonds issued by the dissolved RDAs.