California

SAN DIEGO - Though municipal bankruptcies may never become widespread, industry insiders warned during The Bond Buyer's California Public Finance Conference more will come because of the pressure on local governments.

CARLSBAD, Calif. - The air of uncertainty surrounding California's redevelopment agencies and their bonds is not likely to be resolved until early next year, according to panelists who spoke Thursday at The Bond Buyer's California Public Finance Conference.

CARLSBAD, Calif. - With low volume and demand lacking in the face paltry yields, the municipal market must tackle structural problems, according to industry insiders at The Bond Buyer's California Public Finance Conference.

The California Department of Water Resources plans to issue an undetermined amount of revenue bonds for its Central Valley Project Water System on Oct. 6, according to the state treasurer’s office.

California priced $5.4 billion of revenue anticipation notes a day ahead of schedule Wednesday, after getting retail orders for more than 65% of the deal, according to the state treasurer’s office.

California Controller John Chiang said August revenues came in 2.1% or $134.9 million above projections in the recently passed budget.

The California State University system will sell $430 million of revenue bonds on Wednesday.

SAN FRANCISCO - California lawmakers passed a slew of bills last week that could have an impact on public finance if Gov. Jerry Brown signs them.

LOS ANGELES - California legislators approved a special audit of corruption-plagued Vernon at the request of Sen. Kevin de León.

SAN FRANCISCO - As California emerges from its debt doldrums this month with expected sales of $8 billion of short- and long-term debt, investors are eager for the fresh yield the state will add to a stagnant market.

LOS ANGELES - California's statewide property tax roll rose by 0.3% this year after experiencing two years of declining assessed values, according to a report released by a state agency.

The San Francisco Municipal Transportation Agency is already trying to tackle a $23 million annual budget deficit, according to local press reports.

After much watering down, a California bill to make it harder for local governments to seek bankruptcy protection cleared committee on Wednesday.

California Gov. Jerry Brown signed a bill Wednesday that will allow the state to sell bonds in $25 denominations.

SAN FRANCISCO - Montebello, Calif., has won a legal victory that will allow it to sell notes to buffer its troubled finances.

LOS ANGELES - California Assembly Speaker John Perez and Sen. Alex Padilla, both Los Angeles Democrats, introduced legislation on Friday that would help fast-track a $3.1 billion pro football stadium project in downtown Los ­Angeles.

LOS ANGELES - Downey Regional Medical Center, a not-for-profit hospital located in greater Los Angeles, will emerge from bankruptcy in mid-November, allowing it to close on a planned bond refunding if a bankruptcy judge approves its exit plan.

LOS ANGELES - Arne Croce, the recently appointed interim chief administrative officer of the beleaguered city of Bell, a Los Angeles-area working class community of 50,000 residents, has his work cut out for him.

LOS ANGELES - The San Diego Association of Governments is leaning away from issuing bonds to fund the $345 million purchase of a toll road from a private operator.

The Los Angeles County Metropolitan Transportation Authority’s board of directors will vote on Sept. 29 whether to issue $250 million in bonds.