Transportation Corridor Agencies said Neil Peterson will become its new chief executive officer.

Moody's Investor Service said it has assigned an Aa1 rating to California's Department of Water Resources Central Valley Project System revenue bonds ahead of a sale.

California Gov. Jerry Brown's revised general fund budget proposal released Tuesday cuts general fund spending by $1.3 billion from his January proposal amid lower revenue forecasts.

Standard & Poor's said California Gov. Jerry Brown's revised budget released this week that projects lower revenues has little impact on the state's credit rating.

Moody's Investors Service has raised the general obligation bond rating of the San Mateo-Foster City School District to Aa1 from Aa2, affecting $138 million in outstanding debt.

No flood of bond defaults will spread through California cities in the near future, just possibly a smattering, according to a new academic study.

California cities have seen some financial improvements, but they will continue to face challenges in the next few years, Moody's Investors Service said in a recent report.

California Gov. Jerry Brown revised general fund budget released Tuesday cuts general fund spending by $1.3 billion from his earlier proposal amid lower revenue forecasts for the next fiscal year.

A California bill to block financial firms with an interest in debt sales from participating in school bond elections passed the state Assembly Monday.

Unexpectedly strong income tax revenues are outpacing the growth in sales taxes receipts during the tepid economic recovery differing from previous recoveries when the opposite was true, according to a Standard & Poor's report.