California

The California Legislature won't act on pension reform ahead of its summer recess.

A new civil grand jury report provides a new view of Victorville, Calif.'s convoluted finances, raising questions about the way the high-desert city uses bond proceeds.

Mammoth Lakes, Calif., is set to become the second California municipality in as many months to file for bankruptcy protection after negotiations with its largest creditor failed.

Stockton's filing for bankruptcy protection Thursday has already sparked a war of words between the city and one of its largest creditors.

Standard & Poor's said its rating and outlook for California will not be impacted by the enactment of the state's $91.3 billion general fund budget.

Stockton, Calif. formally filed for Chapter 9 municipal bankruptcy Thursday.

A feud between San Jose and Santa Clara County, Calif. over redevelopment tax money that may have led to defaults and has spread uncertainty across the sector appears to have ended.

Gov. Jerry Brown has signed a budget that closes an estimated $15.7 billion budget deficit for the fiscal year that starts Sunday.

A California ballot initiative that would have increased taxes on cigarettes by $1 a pack appears to be finally dead after a tight vote

California's general fund revenues for May came in $176 million below estimates in Gov. Jerry Brown's May budget proposal

Standard & Poor's lowered its rating on Stockton, Calif., to D from "selective default" after the city said it would file for Chapter 9 bankruptcy.

Moody's Investors Service downgraded various debt supported by Stockton, Calif.'s general fund to Caa3 after the city announced it would skip payments as it enters bankruptcy.

The municipal market will carefully watch the bankruptcy of Stockton, Calif., set to become the third largest debt issuer to file for Chapter 9 protection.

The Stockton, Calif. City Council voted Tuesday night to file for bankruptcy as part of a plan to try to keep the city solvent after city officials said negotiations with creditors failed.

The battle between San Jose and Santa Clara County over tax revenue from the city's former redevelopment agency has gotten ugly.

Stockton's City Council will consider whether it will become the largest city ever to file for bankruptcy protection Tuesday night after negotiations with creditors ended on Monday.

California Treasurer Bill Lockyer has tentatively set a $10 billion revenue anticipation note sale for August as part of the state's annual cash flow balancing act.

The Orange County Employees Retirement System has hired Girard Miller as its new chief investment officer.

The American Public Power Association and a California Public Agency have commented on proposed IRS governmental plan regulations, suggesting changes to provide certainty to existing participants in governmental plans.

California general obligation bond yield spreads have narrowed significantly over the past two years despite only small improvements in the state's financial health.