California

Dale Bonner, the former California secretary of business, transportation, and housing, has started a new firm to focus on public-private partnerships.

SAN FRANCISCO — A federal judge in California has ruled that the city of Alameda did not commit securities fraud in a deal with Nuveen Investments even if it may have intentionally misled bondholders.

SAN FRANCISCO — No redevelopment agencies? No problem.

SAN FRANCISCO — A California lawmaker has called for an audit of two of the state’s largest third-party bond issuers, citing concerns about transparency, conflicts of interest and public benefit.

SAN FRANCISCO — The Los Angeles County treasurer has fired a warning shot at bond attorneys, underwriters and advisers in a bid stop school bond practices that he says hurt taxpayers.

SAN FRANCISCO — California Gov. Jerry Brown’s plan to cut bond sales as part of his new budget will stretch an already tight market for the state’s debt.

SAN FRANCISCO — Southern California’s San Joaquin Hills toll road has gotten a green light from bondholders to restructure $2 billion of debt that helps avoid a default.

SACRAMENTO — California Gov. Jerry Brown released a revised budget Monday that dramatically reduces planned bond issuance as part of an effort to narrow overall state borrowing.

SAN FRANCISCO — As Gov. Jerry Brown readies the release of his second shot at a balanced budget next week, the California bond market has become hamstrung by the delay.

SAN FRANCISCO — Vallejo, Calif., will likely exit Chapter 9 bankruptcy by the end of July as it nears deals with two of its unions, according to attorneys.

SAN FRANCISCO — California Gov. Jerry Brown will release a revised budget next week that will outline plans to close a $15 billion hole after he hit firm resistance to his original budget-balancing plan.

SAN FRANCISCO — A bill that would force California municipal governments to undergo mediation before allowing them to file for bankruptcy is moving through the Legislature.

A California state senator has proposed a redevelopment agency reform bill as an alternative to a proposal by Gov. Jerry Brown to eliminate the agencies.

The troubled city of Montebello, Calif., took another financial hit last week when federal housing officials suspended funding to the city and demanded repayment of $5 million in grants, according to local news reports.

San Francisco expects its deficit to skyrocket almost 200% over the next five years if nothing is done to fix its budget problems.

SAN FRANCISCO — At its inception the South Bay Expressway toll road was promoted as a model public-private partnership. It took ages to build, then quickly plunged into bankruptcy.

SAN FRANCISCO — California is not Greece, according to Standard & Poor’s. The rating agency said in a report released Tuesday that comparisons between the most populated U.S. state and Greece’s financial quagmire are overblown.

SAN FRANCISCO — Treasurer Bill Lockyer said California has recouped $2.67 million in fees paid by municipal bond underwriters to industry lobbying groups from state bond proceeds.

SAN FRANCISCO — California Gov. Jerry Brown has scrapped a contentious $356 million bond-funded plan to build a new death row wing at the San Quentin prison.

SAN FRANCISCO — The restructuring of $2 billion of San Joaquin Hills toll-road debt appears to have bondholders on board since the alternative is a likely default.