California

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.

A small health care district in Northern California, the Mendocino Coast Health Care District, is still slogging its way through Chapter 9 bankruptcy and hopes to exit this summer without impairing bondholders.

Former California State Senator Sheila Kuehl announced plans to run for long-time Los Angeles County supervisor Zev Yaroslavsky's position in a further changing to the guard in Los Angeles politics.

Los Angeles mayoral candidates Eric Garcetti and Wendy Greuel are pulling out the stops to prove they are the right candidate to help the city craft a long-term solution to budgetary problems in a May 21 election.

Stockton, Calif., the biggest U.S. city to file for bankruptcy, will restart negotiations with creditors while it develops a plan to adjust its debts and exit court protection.

Ontario, Calif., officials filed a claim on April 11 seeking to dissolve a joint powers agreement in an attempt to wrest control of its local airport away from Los Angeles World Airport.

Riverside, Calif., received an F1-plus rating and a stable outlook from Fitch Ratings ahead of plans to refund $30 million in taxable pension obligation bond anticipation notes in a negotiated sale on May 15.

Jan Grimes, Orange County's acting auditor-controller, was appointed to the permanent position replacing David Sundstrom.

Moody's Investors Service issued a report on Wednesday that examined the local governments and school districts that rely on federal employment, procurement, Medicare reimbursement and education grants that would be most affected by sequestration.

An Orange County Grand Jury published a scathing 35-page report documenting what it sees as a pattern of corruption in Orange County, Calif. and recommending county supervisors establish a blue ribbon ethics commission.

California Treasurer Bill Lockyer and conduit issuers California Statewide Communities Development Authority, and California Municipal Finance Authority, reached an agreement to implement reforms.

Standard & Poor's Ratings Services on Friday gave two Santa Paula, Calif. credits a stable outlook, but downgraded their long-term rating and underlying spur to A-plus from AA-minus.

Moody's Investors Service said it has placed San Francisco Community College District's A1 rating on review for possible downgrade ahead of a decision on its accreditation.