California

Fitch Ratings downgraded California’s Santa Clarita Community College District to AA from AA-plus and revised the outlook to negative from stable.

A bill by California Assemblyman Mike Feuer to extend the Measure R transportation sales tax in Los Angeles County by at least 10 years had a second reading on the floor, but was sent back to committee last week.

The San Francisco Municipal Transportation Agency will use the possibility of $61 million of revenue bonds to help quell funding concerns about its Central Subway project.

California lawmakers are considering a new bill that would change the state's four-month old municipal bankruptcy law, reigniting a battle between public employee unions and local governments.

SAN FRANCISCO — The board of the California Health Facilities Financing Authority has voted to reduce its issuance fees as it battles to remain competitive with other conduit issuers.

San Diego hotel owners near the Southern California city’s convention center have voted in favor of creating an assessment district to help fund an expansion of the facility.

A Sacramento Superior Court judge ruled on Wednesday that California Controller John Chiang does not have the authority to dock lawmakers pay for late budgets.

California Treasurer Bill Lockyer’s wife, Nadia Lockyer, resigned last week as an Alameda County supervisor amid a scandal.

California revenues are on track to be more than $2 billion less than the April estimates in Gov. Jerry Brown’s proposed budget, the state’s Legislative Analyst’s Office said in a report Wednesday.

The effort to build a commuter rail line through the two counties north of California's Golden Gate has been a story of ups and downs mimicking the rolling countryside of Marin and Sonoma counties.

California’s nonpartisan Legislative Analyst’s Office Tuesday issued a report recommending that lawmakers reject Gov. Jerry Brown’s funding requests for the California High-Speed Rail Authority.

Standard & Poor’s Monday raised the senior-lien rating on Los Angeles wastewater revenue bonds to AA-plus from AA, and the subordinate-lien rating to AA from AA-minus, in advance of a $360 million refunding.

Standard & Poor’s Monday lowered its long-term rating and underlying rating to BBB from A-minus on tax allocation bonds issued by the Banning Community Redevelopment Agency in California. The outlook was revised to stable from negative.

SAN FRANCISCO — Standard & Poor's said Wednesday it has downgraded San Jose's general obligation rating to AA-plus from AAA due to the city's weak finances.

The Los Angeles mayor's race slated for 2013 is still anybody's game as two-thirds of Angelenos do not have a preference, according to a poll released by the Center for the Study of Los Angeles at Stanford University.

Moody's Investors Service downgraded to A2 from A1 the rating on the Three Valleys Municipal Water District's 2003 refunding revenue certificates of participation. The downgrade affects $11.38 billion of debt.

The California Public Employees' Retirement System is looking for an experienced chief financial officer who will oversee the financial and risk management operations of the $235 billion pension fund.

California Republican lawmakers have called for a vote by a pension committee on Gov. Jerry Brown's plan to curb retirement benefits.

The California attorney general's office filed a lawsuit against Orange County last Thursday to prevent the county from diverting money from education in order to balance its budget.

Anschutz Entertainment Group, the developer behind the proposed $1.5 billion Farmers Field project to build a National Football League stadium in downtown Los Angeles and modernize the city' convention center, released a 10,000-page draft environmental impact report Thursday.