California

California's state and local fiscal policies and the impact on credit ratings came under fire during a UCLA Anderson Forecast presentation Tuesday on the college campus.

The California Supreme Court refused to hear an appeal from Costa Mesa, Calif. officials in a union lawsuit challenging the city's plan to outsource city jobs.

Voters approved a measure creating an assessment district in downtown Los Angeles to build a streetcar line at a cost of $125 million.

Two California lawmakers have proposed constitutional amendments to lower voter thresholds for local tax and bond measures.

California's finances are improving in the wake of two revenue-generating ballot propositions passed last month, and more fiscal reforms would be "viewed positively," according to Fitch Ratings.

If CalPERS prevails in having courts define San Bernardino's obligations to the pension fund as immutable in the city's bankruptcy, ramifications could include sweeping bond downgrades, a report said.

San Bernardino filed documents Friday in U.S. Bankruptcy Court in Riverside, Calif. defending its eligibility to receive bankruptcy protection from creditors.

California¹s cash flow has improved enough to allow to the state to release more funds than it planned to schools, local governments and other programs.

The San Diego County Water Authority's board of directors approved a $3 billion water purchase agreement with Stamford, Conn.-based Poseidon Resources that will allow a Carlsbad seawater desalination plant to move forward.

Dinuba, Calif., will be the first municipality to issue refunding bonds for debt issued by a redevelopment agency in the state since they were dissolved last year.

Los Angeles World Airports' success in managing a multi-billion dollar expansion project is likely to be parlayed into a receptive environment for its $269 million bond pricing next Wednesday.

The Bay Area Toll Authority, Calif.’s $5.3 billion of senior bonds kept their Aa3 rating from Moody’s Investors Service.

After nearly a decade of court battles brought by environmental advocates, the fate of Poseidon Resource's proposed Carlsbad, Calif. desalination plant will be decided Thursday when the San Diego County Water Authority board votes on a $3 billion water purchase agreement.

California's general obligation bond yields have tightened against top-rated municipal debt since the November election, partly amid investor speculation the state's credit rating may be raised.

Judge dismisses bankruptcy case after Mammoth Lake, California reaches a settlement over $43 million owed to a developer, its largest creditor.

The Southern California Logistics Airport Authority said another round of defaults on its debt is on the horizon.

Kayne Anderson Capital Advisors and Saybrook Capital have formed a partnership to create a fund that will invest in distressed and defaulted municipal bonds.

West Coast states and British Columbia, have formed a first of its kind partnership to cooperate on financing public infrastructure projects through private investors.

Newport Beach, Calif.-based Mischler Financial Group, Inc., a Service Disabled Veterans Business Enterprise, announced that it plans to contribute 10% of the firm’s November profits to the Wounded Warrior Project.

Pasadena, Calif.-based Episcopal Communities & Services received an A-minus rating and stable outlook from Fitch Ratings ahead of plans to refund $67.5 million in CCRC bonds.