California

California officials announced this week that they have signed an agreement for construction of the first state courthouse financed through a public-private partnership.

The Asian Art Museum in San Francisco faces a deepening financial crisis as its bond rating has been downgraded to junk due to accelerated payments on $120 million of debt.

SAN FRANCISCO — Oakland is eying a controversial plan to sell bonds to help extend a “holiday” from paying growing public-safety pension liabilities, a return to a strategy the city invented 25 years ago.

SAN FRANCISCO — The bankrupt city of Vallejo, Calif., will be losing its top two finance officials.

ALAMEDA, Calif. — California’s governor-elect, Jerry Brown, has to deliver a budget proposal on Jan. 10.

Brian Thomas, chief financial officer of the Metropolitan Water District of Southern California, will join PFM Group in January as a managing director in its Los Angeles office, the firm announced Wednesday.

San Francisco officials are pushing ahead with a controversial plan to charge a toll to motorists entering and the exiting the city's downtown during peak hours.

A state appellate court has at least temporarily halted California's sale of 11 state-owned buildings to private investors. The deal was slated to close Wednesday, but will now be delayed until at least Dec. 29 after the appeals court granted a temporary stay.

The San Francisco Public Utilities Commission will likely sell $523 million of mostly Build America Bonds Wednesday after delaying the deal a week due to a slumping market.

ALAMEDA, Calif. — Changes to the federal estate tax could leave California holding the bag, Moody’s Investors Service said Monday.

SAN FRANCISCO — A judge here ruled Friday California can proceed with a $2.3 billion sale and leaseback of 11 government-owned office buildings.

SAN FRANCISCO — Nestled in the Redwood-studded hills north of San Francisco, Marin County has been home to the likes of Brad Pitt and Jerry Garcia.

The San Francisco Public Utilities Commission postponed a competitive sale Wednesday of $523 million of mostly Build America Bonds by at least a week due to the slouching market.

ALAMEDA, Calif. — California's governor-elect, Jerry Brown, said Tuesday that he will keep Ana Matosantos as director of the Department of Finance.

California's Assembly speaker has introduced a bill to disincorporate the Los Angeles County city of Vernon, which has a tiny population but more than $500 million of outstanding bond debt.

The Natomas Unified School District in Sacramento County, Calif., missed a deadline last month that triggered the process for a state bailout.

SAN FRANCISCO — The city attorney of San Francisco has sent a shot across the bow of both JPMorgan Chase & Co. and MBIA in the form of threatening letters over their involvement in the Asian Art Museum’s financial crisis.

ALAMEDA, Calif. — California’s budget deficit is so big, two governors are working on it.

VALLEJO — The Vallejo City Council unanimously approved a financial blueprint Tuesday night to exit California’s largest municipal bankruptcy in more than a decade.

SAN FRANCISCO — City Council members in Vallejo, Calif., will judge a long-term budget plan Tuesday that outlines a way for the bankrupt city to crawl back into the black.