California

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.

A lawsuit by Caldwell Flores Winters, Inc. for breach of contract and the resulting counter-complaint by small, rural Willits United School District, Calif. spotlights controversial practices critics see in California school district bond sales.

The California Health Facilities Financing Authority approved on Tuesday the sale of $1.9 billion of bonds to help Kaiser Foundation build six new hospitals, expand a current one, and construct a specialty medical office.

The Council of Development Finance Agencies and the California Association for Local Economic Development said in a statement Thursday the goal of the new group will be to bring new resources, tools and partners to help grow local economic development in the state.

The beleaguered Orange County Transportation Authority garnered another round of criticism recently — this time from a San Francisco nonprofit recommending that the tollway agency postpone an extension to its toll road until state authorities can review the operation.

All 42 voters in Vernon, Calif. turned out to support an election to decide three tax measures city leaders say is needed to close an $8 million budget gap, according to a Los Angeles Times report.

An ongoing feud between San Diego Mayor Bob Filner and the city's hotel owners over the release of tourism marketing funds resumed Tuesday — little more than a week after an agreement was reached, according to a report from the Voice of San Diego.

State Controller John Chiang said Wednesday that state revenues in March came in $395 million, or 7.2%, above estimates in the governor's proposed budget.

Standard & Poor's said in a report Monday that Stockton's eligibility for bankruptcy will likely have an impact on local governments in distress.

The commercial property side of Property Assessed Clean Energy has drawn so much interest that market watchers think in a few years enough volume could exist in California to start bundling the currently privately-placed bonds to sell in the public market.

The National Federation of Municipal Analysts said Wednesday they have filed an amicus curiae brief in California Superior Court in support of a lawsuit filed by insurer Syncora Guarantee over laws extinguishing redevelopment agencies in the state.

San Bernardino plans to resume payments to the California Public Employees' Retirement System on July 1, but it's unlikely it will be able to repay missed payments, said Mayor Pat Morris.