California

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.

California’s October revenues came in higher than budget estimates, according to both the State Controller’s Office and the Department of Finance.

California's nonpartisan Legislative Analyst's Office said in a report Wednesday it forecasts the state will face a $1.9 billion budget deficit for the next fiscal year.

Moody's Investors Service Placed 17 California county credits and four special districts on review for downgrade.

The Los Angeles City Council voted in favor of placing a half-cent sales tax on the March ballot to help the city combat its financial woes.

The small Mendocino Coast Health Care District in Northern California has filed for Chapter 9 bankruptcy protection.

The Los Angeles City Council will vote today on whether to put four separate tax measures on the March ballot.

The IRS has told the city of Bell, Calif., that $35 million of general obligation bonds it issued in 2007 may not be tax-exempt because the agency believes the bond issue is a hedge bond.

California's non-partisan Legislative Analyst said the state's use of public-private partnerships has fallen short by using unclear processes and picking unsuitable projects.

Moody's withdrew its rating on Compton, Calif., sewer enterprise bonds citing a lack of reliable, timely financial information.

Los Angeles County voters narrowly defeated Measure J, the proposed 30-year extension of a half-cent transportation sales tax.

Congressman Bob Filner beat Carl DeMaio in the race to replace Jerry Sanders as Mayor of San Diego.

A non-profit alliance of businesses has formed to help Ontario, Calif. officials in their efforts to wrest control of LA/Ontario International Airport from Los Angeles.

Californians voted Tuesday to pay higher taxes to help out schools, supporting Gov. Jerry Brown’s plan to fill a fiscal hole that could have led to further budget turmoil.