California

LOS ANGELES - Anaheim joined the ranks of several Southern California cities with turnover in top management positions following the forced resignation last week of city manager Tom Wood.

LOS ANGELES - Los Angeles Mayor Antonio Villaraigosa has floated a plan to issue $750 million of bonds backed by the city's share of money from a countywide transportation sales tax to repair a quarter of the city's streets in two years.

SAN FRANCISCO - Holders of more than $22 billion of bonds tied to California redevelopment agencies may be impaired if the RDAs are stamped out, according to a second lawsuit filed in a legal battle over this year's legislation targeting the agencies.

NSB Public Finance, a Nevada public financial advisory firm, officially changed its name to Zions Bank Public Finance on Tuesday.

A parcel tax that will help the struggling Doctors Medical Center stay afloat passed with nearly three-fourths of the vote on Tuesday.

Plans to sell $294.6 million in lease revenue bonds for the University of California via negotiation next week received a AA rating and stable outlook from Fitch Ratings on Nov. 9.

Fitch Ratings assigned an A-plus rating Monday to a $147.9 million refunding planned by Los Angeles-based Cedars-Sinai Medical Center.

Voters in Oakland on Tuesday overwhelmingly defeated a ballot measure that would have raised $60 million in parcel taxes.

LOS ANGELES - California's local governments often complain about the state balancing its budget at their expense, but the Orange County Board of Supervisors decided to do something about it.

SAN FRANCISCO - Voter-approved pension reform measures in San Francisco and Modesto could signal a sea change in efforts by California cities to contain rising unfunded liabilities, according to Fitch Ratings.

SAN FRANCISCO - California will likely face a deficit of almost $13 billion in the next fiscal year, according to a revenue forecast released Wednesday by the Legislative Analyst's Office.

SAN FRANCISCO - After trailing in election-night counts, a sales tax measure in Vallejo, Calif., meant to help the beleaguered city restore services has mounted a comeback in late vote tallies to take a slim lead with ballots left to be counted.

SAN FRANCISCO - California's Department of Finance said Monday that state revenues continue to slip compared to budget forecasts, leading the Golden State closer to mid-year budget cuts.

Montebello, a Los Angeles-area city that has been the subject of multiple investigations and audits, issued $2.5 million of tax and revenue anticipation notes at a 4.85% interest rate Thursday.

California's redevelopment agencies may be closer to death's door than previously thought after a state Supreme Court hearing on Thursday.

The on-again, off-again plans for an extension to a toll road that serves as an alternative to congested Interstate 5, the only freeway linking Orange County to San Diego County, looks to be back on again.

Voters in Vallejo, which recently exited bankruptcy, appeared set to defeat a 1% sales tax hike measure after Tuesday's election.

Moody's Investors Service Tuesday downgraded Stockton's issuer rating to Baa1 from A3 as the city's fragile budget continues to face challenges.

The San Diego city clerk has certified a pension reform measure for the city's June 2012 election.

SAN FRANCISCO - The San Diego Unified School District's board, after warning in October that the district could face insolvency and after being downgraded last week, is now talking about placing a $1.5 billion to $2 billion bond issue on the ballot in November 2012.