California

Fitch Rating analysts suggest three recent California bankruptcies could lead to more California cities filing for Chapter 9 bankruptcy.

Victorville staff have recommended that the City Council reject the claims by Kinsell, Newcomb & De Dios for their costs in dealing with probes by the Securities and Exchange Commission and the San Bernardino County grand jury stemming from bond deals involving KND.

Rate hike approvals passed by the Los Angeles Board of Water and Power commissioners on Wednesday mean the utility can move forward on infrastructure improvements.

Moody's Investors Service Tuesday downgraded the Santa Ana Unified School District, Calif. general obligation rating to Aa3 from Aa2.

Los Angeles officials bumped up the cost projections by $40 million for a new wing on the Los Angeles convention center planned in conjunction with a proposed football stadium.

Approval was seen as likely for a plan by the University of California, Los Angeles to build a conference center and 250-room hotel in the heart of its campus.

California Controller John Chiang said recent audits of Hercules, Calif. found $50 million of questionable charges to its redevelopment agency.

California revenues came in $434 million higher in August than projections in the state's fiscal 2013 budget, according to Controller John Chiang.

California Gov. Jerry Brown signed Wednesday a pension reform bill that should help ease the burden of rising retirement costs on the state and local governments over the long-term.

Oakdale, Calif., looks to restructure debt and raise sewer rates after missing the Aug. 31 debt service payment on a state revolving loan connected to its 2002 sewer revenue bonds.

Moody's Investors Service said Monday that the California's recently passed pension reform legislation is a positive for the state's credit.

San Bernardino officials approved a pre-pendency budget plan to pay bills until a bankruptcy petition is approved, but bankruptcy documents filed by city staff on Aug. 31 outline just how far city leaders will have to go to get the city back on sound financial ground.

California's new pension reform legislation is a significant step forward for the Golden State, though the changes will take a long time, rating analysts say.

Coastline Community College District in Orange County, Calif. wants to place a $700 million bond on the November ballot

The Anaheim, Calif. City Council approved a contract to build a $127 million transportation hub that is to host the state's planned high speed rail system.

Activists filed a lawsuit challenging the environmental impact report produced by the developer of the $1.5 billion National Football League stadium planned for downtown Los Angeles.

California Controller John Chiang said in a report that the California State Teachers' Retirement System does not provide enough oversight.

California state legislators voted unanimously to approve $55 million in emergency funding to keep Inglewood Unified School District solvent.

Legislation that is still in the pipeline includes a potential substitute for redevelopment agencies, an extension of Los Angeles County's Metropolitan Transportation Authority sales tax, and changes to school district bond anticipation note financing.

San Bernardino officials have presented a budget plan to pay for city services while in bankruptcy that leaves debt service payments untouched.