California

SAN FRANCISCO - The city of Vallejo, Calif., could see its plan to exit bankruptcy sail through a final hearing Thursday with only one objection from two individuals.

SAN FRANCISCO - The majority of California redevelopment agencies will likely survive new laws aimed at shrinking or eliminating them, but some worry about outstanding bonds issued by the agencies and what market access they will have in the future.

Online retailer Amazon.com has filed papers to try to get a referendum in the June 2012 California election in an effort to overturn a new online tax-collection law.

The California Public Employees’ Retirement System on Monday reported a 20.7% return on investments in early estimates for the fiscal year ending in June.

A California appellate court will hear a public employee union’s appeal next month after a court denied a lawsuit over the Presidio Parkway public-private partnership.

The San Diego City Council agreed Monday to pay $70 million in redevelopment funds to the state as part of new budget legislation, according to the local press.

Moody’s Investors Service downgraded the San Francisco Public Utilities Commission’s water revenue bonds Monday to Aa3 from Aa2.

SAN FRANCISCO - California redevelopment agency proponents have filed a lawsuit in state Supreme Court to block laws that would kill or drastically curtail the RDAs to fill a gap in the recently adopted budget.

SAN FRANCISCO - California is working on a $5 billion bridge loan from banks to avoid the potential market chaos that could be caused by a possible U.S. government default due to political gridlock over the nation's debt limit.

LOS ANGELES - Amid a recent downgrade and talk of financial woes, Los Angeles will roll out almost $500 million of general obligation bonds this month.

Moody's Investors Service has downgraded the Los Angeles County Metropolitan Transportation Authority's $1.2 billion of Proposition C sales tax revenue bonds one notch to Aa3 because of weaker coverage.

San Francisco has signed a deal with its police union that will increase pension fund payments in return for receiving past raises and avoiding layoffs, according to published reports.

California Treasurer Bill Lockyer gave a thumbs-up to Democrats for cutting back the state's structural deficit, saying it would encourage Wall Street and give him better leverage to borrow.

California Controller John Chiang Monday said revenues came in $351 million less in June and May than anticipated in the newly adopted state budget.

LOS ANGELES - A bill moving through the California Legislature would lower the state's short-term borrowing costs with the help of a $1.7 billion cushion from its two public university systems.

LOS ANGELES - Moody's Investors Service Tuesday downgraded Los Angeles' general obligation bonds one notch to Aa3 from Aa2, affecting $3.3 billion of outstanding debt.

SAN FRANCISCO — Standard & Poor's changed California's outlook to stable from negative Thursday, saying the state's cash flow appears unobstructed by its newly adopted budget.

SAN FRANCISCO — California Controller John Chiang's legislative push to increase oversight of local government finances in the wake of a scandal in the city of Bell has stalled in the face of political blowback.

San Diego's redevelopment agencies face a loss of around $70 million this year and $16.5 million annually because of the budget past last week, according to local press reports.

A California bill that would contribute to the disincorporation of the controversial city of Vernon in Los Angeles County advanced Wednesday.