California

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.

Los Angeles and San Diego are both crafting plans to rectify years of deferred maintenance resulting in crumbling city streets and sidewalks.

Public-private partnerships are "toxic" to a lot of people and the mere mention of them can hinder projects, California Treasurer Bill Lockyer said Tuesday. Lockyer said, "Avoid talking about public-private partnerships. They are toxic with a lot of people."

San Francisco Supervisor John Avalos plans to request a hearing to examine whether city investments were harmed by manipulation of a key lending rate.

Legislation has been introduced in California to curtail the use of some capital appreciation bonds sold by school and community college districts.

Standard & Poor's revised its outlook to negative, on Los Angeles AA-rated solid waste resources bonds ahead of a $153 million competitive deal. Fitch Ratings affirmed at AA-minus with stable outlook.

San Bernardino County CEO Greg Devereaux said Thursday that the plan to use eminent domain to restructure the loans of underwater borrowers had not receive enough community support.

Officials in Atwater, a northern California city that narrowly avoided bankruptcy last year, have proposed a half cent sales tax specifically earmarked for public safety for the March 5 ballot.

University of California President Mark Yudof has said he will step down as head of the 10-campus system at the end of August.

Moody's Investors Service downgraded more than $300 million in Fresno, Calif., debt to speculative grade.

Moody's Investors Service upgraded Los Angeles general obligation bonds to Aa2, while affirming ratings for general-fund supported debt that increase the variation between GOs and general-fund backed debt.

Southwest Airlines and Los Angeles International Airport will fund up to $400 million in Terminal 1 improvements if the Los Angeles City Council approves the plan.

Moody's Investors Service placed tobacco settlement revenue bonds of issuers in 17 states and two territories under review with direction uncertain because of legal settlement announced in December. The action affects $20.5 billion of debt.

The Alameda Corridor Transportation Authority on Jan. 24 plans to price a $265 million refunding that is part of a debt restructuring plan.

California's Department of Education head Tom Torlakson joined Treasurer Bill Lockyer in a fight to curb the sale of high-cost capital appreciation bonds, calling for a moratorium.

A decision by the California Department of Finance preventing the state's former redevelopment agencies from spending bond proceeds could result in problems ranging from negative arbitrage to taxability issues.

Glendale, Calif. saw its issuer rating downgraded to Aa2 from Aa1 by Moody's Investors Service as part of the rating agency's adjustment in California bonds.

The trials began on Tuesday for six former Bell officials charged in a corruption case that came to light in 2010 and nearly bankrupted the city

Following a contentious battle, the Orange County Transportation Authority appointed Darrell Johnson as successor chief executive officer to the billion-dollar public agency.

Robert Citron, a former treasurer of California's Orange County who spent nine months in prison for his role in what stood for years as the nation's biggest municipal bankruptcy, has died. He was 87.