California

Palmdale, Calif. wants to gain control of its local airport from the city of Los Angeles.

A hearing is slated for Friday that could determine the fate of the planned $250 million expansion of the San Diego convention center, according to UT San Diego.

Moody's Investors Service assigned a Baa1 rating and gave a stable outlook ahead of plans by CFMA to price $44 million in revenue bonds for a South Los Angeles agency that works with disabled people.

Los Angeles voters rejected a sales tax increase, and sent Wendy Greuel and Eric Garcetti to a May 21 runoff for the mayor's race.

Moody's Investors Service warned in a report Thursday that a review it anticipates concluding in 90 days could lead to it withdrawing all of its ratings on tax allocation bonds issued by former California redevelopment agencies.

Standard & Poor's downgraded San Fernando, Calif. redevelopment agency bonds to junk-level BB-plus from BBB-plus and gave the bonds a negative outlook.

Stockton, Calif.'s effort to make bondholders take a $350 million hit during its bankruptcy process will likely blackball it from the bond market for years and raise future costs.

Voters on March 5 will select three new trustees for a seven-person Los Angeles Community College District board in a district that has been riddled with controversy.

Fitch Ratings downgraded the underlying ratings on $49 million of Placerville, Calif.'s Marshall Medical Center revenue bonds to junk because of weak finances.

San Diego-based Common Bond Capital Partners has acquired its first distressed land-secured municipal bond project in Florida.

Stockton, Calif.'s unhappy bond market creditors will get a trial starting March 25 to challenge the city's eligibility for Chapter 9 bankruptcy protection.

Stockton, Calif., in the midst of Chapter 9 bankruptcy proceedings, announced Tuesday that it had reached an agreement with Ambac.

California lawmaker Bob Wiekowski introduced legislation for Treasurer Bill Lockyer to curb private contractors running conduit issuers in the state, including California Statewide Communities Development Authority.

The successor agency to Monrovia, Cali's redevelopment agency refunded a five-year note that went into default last summer during the months it took to get approval from the state to refinance.

Gov. Jerry Brown¹s proposed budget would improve the credit quality of California school districts, according to Moody's Investors Service.

The San Bernardino City Council on Tuesday approved the contract for its new city manager, Allan Parker, who will guide the city through Chapter 9 bankruptcy.

The California Rules Committee reappointed Oscar Sablan, a Firebaugh, Calif. physician, to the California Health Facilities Financing Authority.

The California Department of Finance reported that state revenues rose $5 billion above estimates in the governor's budget mainly resulting from a jump in personal income tax receipts.

President Obama's proposal for a Build-America-Bonds-like program for infrastructure has its roots in a proposal by the Los Angeles County Metropolitan Transportation Authority, and some infrastructure analysts say it represents a pro-business pivot from the White House.

More than half of the Los Angeles City Council and a new mayor will be grappling with the city's still fragile financial picture.