California

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.

Fresno, after much of its debt was downgraded to junk by Moody's, is facing cash flow problems that will likely lead to more layoffs and service cuts.

Increase in passenger traffic at John Wayne Airport in Santa Ana, Calif. partly attributed to new international terminal offerings.

An Orange County Superior Court Judge has 90 days to rule on a lawsuit filed by the California Department of Finance and the chancellor of the state's community colleges against Orange County after the county diverted money from education to balance its budget.

A proposal has been introduced in California that would exempt 20,000 local and regional mass transit works across the state from pension reform passed by state lawmakers last year.

California lawmakers will hold hearings to investigate the use of off-budget accounts by state agencies

Standard & Poor's upgraded California's general obligation rating to A from A-minus in a move the municipal bond market has expected.

Build America Mutual Assurance Company announced Wednesday night that it has been licensed to operate in the state of California.

The majority of the 202 California cities that Standard & Poor's rates are likely to see improving credit quality in 2013 as their economies recover and revenues strengthen.

Word has surfaced that Los Angeles may make an offer for the Atlanta Falcons. The news comes as the Falcons are trying to negotiate for a new $1 billion stadium.