California

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.

A new push is underway in the California Legislature to reinvigorate local economic development financing after the shutdown of redevelopment agencies.

The Securities and Exchange Commission today charged the chief executive officer of a Chicago-based advisory firm with lying to the California Public Employers' Retirement System and other clients about the amount of money managed by the firm.

The California Public Employees' Retirement System approved new actuarial policies that are anticipated to raise costs for already-strapped municipalities.

Standard & Poor's revised its outlook on San Francisco to stable from negative on an improved budget and reserves.

Critics of a proposal to build a 250-room hotel and conference center on the University of California at Los Angeles campus challenged its tax-exempt status in court.

A Los Angeles County employees union held a rally outside the County Administration building Tuesday asking for more money after CEO Bill Fujioka released a $24.7 billion balanced budget.

California taxpayers may see the municipal pension contributions they fund for the California Public Employees' Retirement System rise as much as 50%.

Speakers at an Urban Land Institute event, described the next phase of California's redevelopment agency dissolution during which properties owned by the successor agencies will be sold.