California

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.

California's legislative watchdog has commended Gov. Jerry Brown for his balanced budget proposal that also attempts to rein in general obligation bond borrowing.

Frenso, Calif. has become home to one of only a handful of pilot projects that plan to use so called "social impact bonds."

California Gov. Jerry Brown released a $98 billion spending plan Wednesday with no sign of a deficit, incorporating plans for a new structure for transportation bonds.

The Alameda Transportation Corridor Authority secured a trio of Single-A ratings ahead of plans to refund $290 million in senior revenue bonds.

California Department of Veteran Affairs' $1.23 billion of general obligation and revenue debt will remain rated AA-minus by Fitch Ratings, and they will also keep a negative outlook.

California's revenues for December came in more than 1% above estimates in the budget, according to Controller John Chiang.

Chicago-based investment bank William Blair has expanded its presence in California by hiring veteran public finance bankers Cheryl Hines, Ken Gillespie, and Jeff Pickett.

Los Angeles City Council will vote Wednesday on whether to ask voters to approve $3 billion in bonds for street repairs.

If Congress fails to reach an agreement and enacts sequestration cuts, Los Angeles could lose $115 million in federal funding increasing the city's projected $216 million deficit for 2013-14.

Moody¹s Investors Service has kept its short-term ratings on $185 million of East Bay Municipal Utility District revenue bonds after a change in standby bond purchase agreements.

California Gov. Jerry Brown will push to change school funding this year, according to reports.

California Gov. Jerry Brown is tentatively set to release his budget blueprint for the next fiscal year early this month.