California

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.

Moody's Investors Service is coming up on a 90-day deadline when it will decide whether or not it will continue to rate the bonds of the successor agencies to California's 427 redevelopment agencies.

Standard & Poor's changed its outlook on San Jose, Calif.'s outstanding debt to stable from negative, impacting more than a billion dollars of bonds ahead of a sale this month.

Law firm Stradling Yocca Carlson & Rauth has hired Katherine Thursby to work in its San Francisco office's public finance division.

Standard & Poor's revised on Monday its outlook to stable from negative, but affirmed its BB underlying spur on several series of subordinate tax allocation bonds issued by Lancaster Financing Authority, Calif.'s.

Poseidon's $922 million Carlsbad desalination project was honored as a pioneering collaborative approach to funding large-scale desalination projects.

The disconnect between politicians planning horizon and the longer vision required to plan for retirement funding benefits was discussed at the National Federation of Municipal Analysts annual conference.

The impact of advances in information technology and the proliferation of open networks are mostly positive for financial markets, said speakers at the Milken Institute Global Conference in Beverly Hills.

The Securities and Exchange Commission has filed a lawsuit against Victorville, Calif., a city official, the Southern California Logistics Airport Authority, and underwriter Kinsell, Newcomb & DeDios, charging them with defrauding investors by inflating valuations of property in connection with a 2008 bond offering.