California

Fitch Ratings on Wednesday affirmed the AAA/V1 fund credit and volatility ratings assigned to the Los Angeles Community Redevelopment Agency’s investment portfolio.

The draft environmental impact report for Anschutz Entertainment Group’s proposed downtown Los Angeles football stadium will be released April 5, according to published reports.

LOS ANGELES — Los Angeles officials hope to capture a combined $36 million in savings through two refundings they have planned in April.

SAN FRANCISCO — San Jose officials said Monday's downgrade of its lease revenue bonds by Moody's Investors Service will cost the city more than $350,000 a year.

California last year slipped to second place from its long-standing throne as the largest issuer in the country. And for good reason: it's trying to get its fiscal house in order.

LOS ANGELES — After six years laying groundwork, a project to construct a new $715 million Otay Mesa Port of Entry and a connecting highway at the Mexican border in San Diego appears to be moving forward.

Three bills are moving through the California Legislature that attempt to clean up the process of unwinding the state's redevelopment agencies.

Analysts are still weighing the impact a decision by the California Public Employees' Retirement System to lower its investment assumptions will have on local governments.

SAN FRANCISCO — Stockton, Calif., said it will negotiate with 18 creditors that have interests above $5 million during mediation meant to help the city restructure its debts to avoid bankruptcy.

A missed deadline has put a crimp in Costa Mesa, Calif.’s plans to ask voters to amend the city charter so it can legally lay off employees and outsource services.

Los Angeles could have saved $700,000 on commodity purchases made in 2010 if it had made better spending decisions, according to a report from the city controller’s office.

A coalition has launched a bid to force Sacramento leaders to put the city’s $250 million commitment to a new National Basketball Association arena on the ballot.

LOS ANGELES — The Los Angeles County Metropolitan Transportation Authority on Monday released the final environmental impact report for the nine-mile Westside Subway extension project estimated to cost between $5.6 billion and $6.2 billion.

SAN FRANCISCO — California Gov. Jerry Brown's proposed budget would likely cause a "substantial" amount of fiscal uncertainty for the state's school districts, Fitch Ratings said in a report released Tuesday.

SAN FRANCISCO — California has scheduled a $1.3 billion new-money and refunding bond sale for next month.

Stockton, Calif.'s bond defaults have already started a legal tug-of-war with insurers.

Officials in Downey, Calif., a city of 110,000 just southeast of downtown Los Angeles, hope that an early retirement plan will help shore up budget shortfalls they say were created by the state’s dissolution of redevelopment agencies and federal cutbacks.

Two series of pension obligation bonds totaling $47.4 million that Pasadena planned to price this week received AA-plus ratings from Fitch Ratings.

California revenues in February fell short of projections again in Gov. Jerry Brown’s proposed budget, according to state agencies.

California Gov. Jerry Brown has reached a compromise that will leave just one tax initiative on the November ballot.