California

California announced it will sell $2.73 billion of general obligation bonds in March, the state's first sale since its Standard & Poor's upgrade.

Compton, Calif., a city that skirted bankruptcy last year, on Tuesday secured a buyer in Wells Capital for a $5 million note thanks in part to a lockbox payment structure.

Stockton, Calif., has shot back at challenges to its eligibility for bankruptcy protection ahead of a hearing set for next week.

The San Diego County Water Authority on Wednesday achieved $51 million in net-present value savings through 2034 when it priced a $299 million refunding.

Sales of municipal bonds in the Far West region grew by almost a quarter in 2012 compared to a year ago, spurred by record low interest rates that led to an increase in refinancing.

Los Angeles Department of Water and Power received an Aa3 rating from Moody's Investors Service and a stable outlook ahead of a $520.9 million refunding on Friday.

California Controller John Chiang said January revenues came in $4.3 billion above estimates in the governor's proposed budget.

A San Bernardino County lawsuit seeking to recoup a portion of a $102 million settlement with a developer could force Upland, Calif. into bankruptcy, the city manager says.

California Treasurer Bill Lockyer has set a multi-billion dollar bond sale calendar for this spring that gives business to underwriters and bond counsels he had said would be excluded unless they restructured perceived bad capital appreciation bond deals.

San Bernardino heads into a second status conference on its bankruptcy Tuesday missing two key players – interim city manager Andrea Travis-Miller and finance director Jason Simpson.

Reform city leaders for the now notorious Bell, Calif. are working to repair the financial damage done by eight former city leaders now being tried on charges of embezzlement and mismanagement.

The San Francisco Public Utilities Commission will pour into the market next week with $335 million of new money bonds.

Los Angeles is moving ahead on plans to create an economic development department to replace its Community Redevelopment Agency, which was shut when redevelopment was eliminated in California.

Under pressure from council members, Santa Ana, Calif.'s City Manager, Paul Waters resigned.

Riverside County bids to take Los Angeles County's trash in a revenue enhancing measure.

The California State Teachers Retirement System pension fund has a $64 billion deficit in its defined benefit program, according to a report.

Build America Mutual Assurance Company wrapped its first California deal on Wednesday. BAM insured $12 million of general obligation bonds for the Washington Unified School District in Fresno, California.

San Francisco's general obligation rating has been raised one notch to Aa1 by Moody's Investors Service amid an improving economy.

California's finances are in the strongest position of any time in the last five years, Moody's Investors Service said in a report Monday. But risks remain.

Fitch Ratings downgraded to A from A-plus $7.2 million of Lomita, Calif.'s water revenue bonds Thursday and gave the debt a negative outlook.