California

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.

California Controller John Chiang released reports Tuesday finding unallowable transfers by the redevelopment agencies of Milpitas and Morgan Hill.

California's state auditor released a report this week that said the Metropolitan Transportation Commission's use of toll revenues to purchase a building to serve as a new San Francisco headquarters was likely legal.

California Gov. Jerry Brown laid out Tuesday a pension reform agreement with lawmakers, setting the table for major legislative changes to local and state worker pensions.

California's state auditor wants lawmakers to clarify the law to make sure private firms operating conduit issuers avoid conflicts of interest.

Attorneys for Stockton, Calif., and its creditors hammered out a schedule and tipped their hats to the fight ahead during the first hearing on the city's bankruptcy case.

California saw debt sales by municipal issuers almost double in the region in the first half of 2012 compared to a year earlier with the help of record low rates, driving Far West volume.

Standard & Poor's has changed its outlook on Fairfield, Calif.'s pension obligation bonds long-term A rating to negative from stable due to the city's projected large budget gap.