California

L.A. city committee wants alternatives to support convention center expansion if an NFL football stadium proposal falls short.

Speakers at a California League of Cities meeting held Thursday night in Monterey Park differed vastly in their opinions on the threat pension liabilities pose to local governments.

Now the question is how long will it take Stockton to exit bankruptcy? And how will Stockton reorganize its debts to put the city on a path to fiscal stability?

Finance officials for San Bernardino, the southern California city going through bankruptcy proceedings, plan to present a balanced budget that includes future payments to CalPERSg.

Katherine Perez-Estolano, considered an expert in transportation and land-use planning, was appointed by California Gov. Jerry Brown to the California High-Speed Rail Authority's Board.

California Pollution Control Financing Authority is extending a program designed so that small businesses can save money if they use bonds to purchase equipment.

Moody's downgraded Sacramento County's pension obligation bonds to Baa1 from A3 but affirmed the county's A2 issuer rating.

California said it will hold its second spring sale of $2 billion of general obligation bonds next week.

San Bernardino, Calif., in bankruptcy proceedings, has hired Orange County-based Urban Futures on a contract basis in lieu of hiring a finance director and filling other vacant finance department positions.

Moody's Investors Service says a reduction of California Employees' Retirement System debts in Stockton's bankruptcy reorganization would have major ramifications for bondholders and California municipalities.

The California Health Facilities Financing Authority approved on Thursday issuing $450 million in tax-exempt revenue bonds for Sutter Health System to construct a hospital in Santa Rosa and medical clinics in Sunnyvale and San Carlos.

A Federal bankruptcy judge ruled today that Stockton, Calif. is eligible for Chapter 9 protection, rejecting the objections of bond market creditors.

San Bernardino City Attorney James Penman filed a lawsuit against the state claiming that if the city's sales and property taxes are docked, the city will be forced to shut down.

If Stockton is granted the right to file for bankruptcy protection, the next big fight ahead may be with its whale of a creditor, the California Public Employees' Retirement System,

The trial over Stockton, Calif.'s eligibility to enter bankruptcy protection is expected to wrap up Wednesday, with bankruptcy Judge Christopher Klein saying he is likely to rule Monday.

The San Bernardino County, Calif. District Attorney office announced the arrest of former airport developer Scott Spencer on charges that he defrauded the San Bernardino International Airport Authority of more than $1 million.

California Treasurer Bill Lockyer expanded his request for a formal legal opinion on the role of underwriters in school bond campaigns to include financial advisors and bond counsel.

Stockton and its bond market creditors postured for a fight Monday at the start of a Federal court trial over the city's ability to enter Chapter 9 bankruptcy protection.

A federal appeals court ruling struck a blow to a financing program for energy efficiency and water conservation projects on homes when it upheld a decision last week by the Federal Housing Finance Administration prohibiting participation by Fannie Mae and Freddie Mac.

California Controller John Chiang said Thursday that San Jose's redevelopment agency improperly transferred $148 million of assets, including the potential site of an Oakland Athletics ballpark.