California

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.

Legislation that would make it harder for California municipalities to file for bankruptcy stalled in committee Wednesday.

California Treasurer Bill Lockyer has waded into the issue of tax compliance by conduit tax-exempt bond issuers.

SAN FRANCISCO - The law firm Polsinelli Shughart has acquired ­Quateman LLP, California's biggest women-owned municipal bond counsel firm.

Chowchilla has made its full June interest payment on its lease revenue bonds after previously defaulting and using up its reserve fund.

California Gov. Jerry Brown signed two bills tied to the budget Wednesday that will effectively eliminate most redevelopment agencies, sparking a legal battle.

SAN FRANCISCO - California lawmakers on Tuesday prepared to pass a budget with the governor's blessing, one that appears to avoid major structural changes but relies instead on a rosy revenue outlook.

SAN FRANCISCO - Moody's Investors Service downgraded Stockton, Calif., two notches Tuesday to A3 from A1 because of its ongoing financial problems.

SAN FRANCISCO — San Francisco International Airport will sell $323 million of debt this week to refund outstanding revenue bonds in a revival of a deal it had shelved last year.

SAN FRANCISCO - California lawmakers have placed the state's local redevelopment agencies on death's doorstep, but there may be a bigger problem looming.

San Jose Mayor Chuck Reed has delayed seeking the City Council's approval to declare a fiscal emergency and for a fall ballot measure for fiscal and pension reform.

California Controller John Chiang said lawmakers will lose pay until a balanced budget is passed because the budget approved by the Legislature last week and then vetoed by Gov. Jerry Brown was incomplete and unbalanced.

Standard & Poor's said Tuesday that California's ratings are at a "crossroad" because of the politics and potential impact of a budget impasse.

SAN FRANCISCO - Although Los Angeles is living through hard times, it's far from insolvency, the city's top budget official says.

SAN FRANCISCO - California Gov. Jerry Brown's quick veto of the budget adopted by the Legislature last week has renewed concerns about the state’s cash flow amid another long ­delay.

SAN FRANCISCO — Former Los Angeles Mayor Richard Riordan is still ringing the warning bell about municipal finances.

The Sacramento City Council voted Tuesday to make major cuts to police and fire services in the budget.

State Controller John Chiang said California's total revenues in May came in 5.9%, or $408 million, above estimates in the governor’s May revise budget.

California's economic recovery is still weak, according to economists.