California

California State Treasurer Bill Lockyer on Wednesday released a report on the Foothill/Eastern Transportation Corridor Agency that found the toll agency could eventually default on its bond payment obligations without a proposed $2.21 billion restructuring of the agency's debt.

Los Angeles Mayor Eric Garcetti on Tuesday announced that former City Councilwoman Jan Perry has been named as interim General Manager of a new Economic Development Department.

California's tax revenue anticipation notes attained competitive interest rates during this year's notes season, despite market sell-off.

New Los Angeles Mayor Eric Garcetti said in Sunday's inaugural speech that he plans to find solutions to the city's crumbling infrastructure and make it easier for businesses.

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Analyst found that the $898 million originally estimated as the city's cost to repair aging infrastructure may be outdated.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.