California

The California Public Employees' Retirement System filed motions to remove the law firm Winston & Strawn LLP from the San Bernardino and Stockton Chapter 9 cases because they hired their outside bankruptcy attorneys.

Three-term City Councilman Eric Garcetti replaces termed-out Los Angeles Mayor Antonio Villaraigosa on July 1st following a hotly-contested run-off.

More than a year into a battle between the San Diego County Water Authority and the Los Angeles-based Metropolitan Water District of Southern California over rate increases, the central issues appear to be far from resolved.

California's budget watchdog said it expects revenues to come in more than $3 billion higher than estimated in Gov. Jerry Brown's revised budget.

Transportation Corridor Agencies said Neil Peterson will become its new chief executive officer.

Standard & Poor's said California Gov. Jerry Brown's revised budget released this week that projects lower revenues has little impact on the state's credit rating.

Moody's Investor Service said it has assigned an Aa1 rating to California's Department of Water Resources Central Valley Project System revenue bonds ahead of a sale.

Moody's Investors Service has raised the general obligation bond rating of the San Mateo-Foster City School District to Aa1 from Aa2, affecting $138 million in outstanding debt.

California Gov. Jerry Brown's revised general fund budget proposal released Tuesday cuts general fund spending by $1.3 billion from his January proposal amid lower revenue forecasts.

No flood of bond defaults will spread through California cities in the near future, just possibly a smattering, according to a new academic study.

California Gov. Jerry Brown revised general fund budget released Tuesday cuts general fund spending by $1.3 billion from his earlier proposal amid lower revenue forecasts for the next fiscal year.

California cities have seen some financial improvements, but they will continue to face challenges in the next few years, Moody's Investors Service said in a recent report.

A California bill to block financial firms with an interest in debt sales from participating in school bond elections passed the state Assembly Monday.

San Bernardino, Calif., and creditors like CalPERS can't agree what numbers to argue over as the city prepares to ask a federal judge to declare it eligible for bankruptcy.

Orange County, Calif. loses its dispute with state Department of Finance over more than $73 million in property taxes in a conflict with roots in the county's bankruptcy.

Unexpectedly strong income tax revenues are outpacing the growth in sales taxes receipts during the tepid economic recovery differing from previous recoveries when the opposite was true, according to a Standard & Poor's report.

The Los Angeles City Council approved a $4.76 billion Los Angeles International Airport plan to move the northernmost runway closer to homes in Westchester and Playa del Rey.

California Assembly Speaker John Perez, D-Los Angeles, proposed a "blueprint for a responsible budget" that includes a reserve and a rainy day fund.

California legislation that would ban financial firms with a potential conflict of interest from participating in school district bond elections unanimously passed out of committee Tuesday.

California tax revenues are way ahead of projections for the year as the governor is set to release his revised budget later this month, leading to speculation about how the money will be spent.