California

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.

A process winding down California's redevelopment agencies remains complex and painful for successor agencies though a year has passed.

Poseidon Resources, the builders of a seawater desalination plant in California, pulled off a $734 million bond sale in the midst of a massive sell-off.

Standard & Poor's downgraded Denair Unified School District, Calif., to A from A-plus.

Moody's Investors Service affirmed Santa Barbara, Calif.'s Aa2 issuer rating, but downgraded to A1 from Aa3 the ratings for the city's 2002 certificates of participation and its 2009 airport revenue bonds.

The National Hockey League's lockout of its players, if not resolved, could impact ratings for the Staples Center arena in Los Angeles and the Pepsi Center in Denver, according to Fitch Ratings.

The Financial Industry Regulatory Authority has ordered five firms to pay $4.48 million for unfairly using bond proceeds to pay reimburse themselves for membership fees they paid to the California Public Securities Association, a lobbying group.

U.S. Bankruptcy Judge Meredith Jury Friday denied the California Public Employees' Retirement System's request to be allowed to sue San Bernardino in California state court over $6.9 million in missed pension payments.

In a report, Standard & Poor's found that most of the 202 California cities it rates made it through the recession with their reserves and credit quality intact.