California

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.

San Bernardino was granted extra time by a U.S. bankruptcy judge to make its case for bankruptcy at a hearing held Monday.

California Treasurer Bill Lockyer's office said underwriters involved in "egregious" local capital appreciation bond deals will likely be cut out of state bond business in the spring unless the debt is restructured.

Fitch Ratings said potential trigger cuts in California could result in more school district downgrades over the next few years.

Fitch Ratings downgraded $572 million in debt issued for Loma Linda University Medical Center one notch to BBB-minus, the lowest investment grade rating

The San Diego County Water Authority board could vote as soon as Nov. 29 on a $3 billion water purchase agreement with Stamford, Conn.-based Poseidon Resources, the private developer of a Carlsbad, Calif. seawater desalination plant.

The Los Angeles City Council instructed city attorneys to craft four ballot measures that would raise property, real estate, parking and sales taxes.

Public employee unions said they will go to court to try to block the Contra Costa County retirement system board from implementing anti-spiking provisions