California

Homeland Security Secretary Janet Napolitano resigned from her position on Friday to take over the University of California system.

The largest creditors in San Bernardino, Calif.'s Chapter 9 bankruptcy are taking opposing positions on a decision that will determine the city's eligibility to be in bankruptcy.

Several bills to help reinvent redevelopment tools for California municipalities are again making their way through the state legislature after Gov. Jerry Brown vetoed similar bills last year.

A San Mateo County civil grand jury called a school district's capital appreciation bonds outstanding a "ticking time bomb."

Jeffrey Beard’s appointment as the California Department of Corrections and Rehabilitation was confirmed Thursday by the state senate.

With an upgraded rating from Standard & Poor's, the largest university system in the country is planning to sell $244 million of revenue bonds on Wednesday.

San Francisco International Airport plans to go ahead with plans to price $483 million in debt next Thursday even as the airport faces an investigation into a crash landing at the airport last weekend that left two dead and five seriously injured.

Moody's Investors Service on Tuesday withdrew the tax allocation bond ratings on four California successor agencies to the state's dissolved redevelopment agencies affecting $71.8 million in debt.

Two bills designed to reform the way California issues school district bonds received a mixed reception in the state legislature: one died in Senate committee last week and the other one appears headed for passage.

California State Controller John Chiang's monthly report on California's cash balance, receipts and disbursements showed total revenues for June equaled $13.1 billion beating the governor's May revision estimate by $1.2 billion or 10.1%.

San Francisco International Airport plans to go ahead with plans to price $480 million in debt next Thursday even as the airport faces an investigation into a crash landing at the airport last weekend that left two dead and five seriously injured.

California's municipal utilities, rated in the A to double-A category, have a stable outlook, according to Fitch Ratings.

The IRS is auditing $220.74 million of general obligation bonds issued by the San Diego Unified School District in 2010 and 2012.

The Stockton City Council approved placing a measure to increase the bankrupt city's sales tax on a November ballot.

Following a review of 32 bolts that failed in March, transportation officials announced that the opening of the new eastern span of the Bay Bridge will be delayed.

A special district in Alameda County and Contra Costa County received top ratings from Moody's Investors Service ahead of its general obligation bond sale.

San Bernardino filed papers on Friday requesting the judge issue a summary judgment in its favor on its eligibility to be in Chapter 9 bankruptcy ahead of an interim hearing on summary judgment planned for next Wednesday.

California's state treasurer has opened a campaign account for lieutenant governor in 2018, although he recently said he would be retiring after his current term ends.

The city of Fresno is expected to sell $33 million of airport revenue refunding bonds next week, priced by Raymond James & Associates.

Gov. Jerry Brown recently signed off on California's budget, but how much and when the state will need to issue general obligation bonds hasn't yet been determined.