CA Achieves Best Savings in 30 Years on Bond Sale
The Bond Buyer reports that the state of California has attained the lowest borrowing costs on $1.96 billion of 30-year general obligation bonds in the last three decades, the most favorable rates since 2005.
Roseville Receives $100K for Commercial Water Improvements
According to the Sacramento Business Journal, Roseville is encouraging businesses in the city to take advantage of $100,000 newly available in rebates for water-efficiency and preservation improvements.
High Speed Rail Funds May Be Reallocated to Fund Water Storage
According to The Bond Buyer, a proposed initiative to reallocate bond funds from the controversial high-speed rail project to water storage projects has come under fire for seemingly being tailored for Northern Californian water leaders. Backers of the initiative say those concerns are unfounded and the bill wouldn't alter existing water rights or delay projects.
Fitch Rates CA's $2.3B GOs 'A+'; Outlook Stable
Business Wire reports that Fitch Ratings has assigned a rating of A+ to $2.3 billion general obligations bonds throughout the state of California, citing improved fiscal fundamentals, a wealthy and diverse economy, and a moderate debt burden.
HERO PACE Now Available in Bishop
The Bishop City Council has voted to make the HERO Property Assessed Clean Energy (PACE) program available to local residents, making Bishop the first community in Inyo County to partner with HERO for the burgeoning renewable energy and energy efficiency industry, according to Sierra Wave Media.
Squire Patton Boggs to Merge with Global Litigation Firm
Squire Patton Boggs, a leading municipal bond firm, is merging with the San Francisco-based international litigation firm of Carroll, Burdick & McDonough.
CALED Announces 2016 Legislative Priorities
The California Association for Local Economic Development has released it's 2016 Legislative Priorities listing the improvement of EIFD and TIF tools, providing advice on the Workforce Innovation and Opportunity Act implementation, and creating new tools for economic development.
CA Wants More Disclosure from Bond Issuers
Issuers would be required to submit an annual debt accountability report to the California Debt and Investment Advisory Commission under recently introduced legislation.
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