Randall Jensen

The California Public Employees’ Retirement System on Monday reported a 20.7% return on investments in early estimates for the fiscal year ending in June.

A California appellate court will hear a public employee union’s appeal next month after a court denied a lawsuit over the Presidio Parkway public-private partnership.

The San Diego City Council agreed Monday to pay $70 million in redevelopment funds to the state as part of new budget legislation, according to the local press.

Moody’s Investors Service downgraded the San Francisco Public Utilities Commission’s water revenue bonds Monday to Aa3 from Aa2.

SAN FRANCISCO - A controversial Alaska public-private partnership toll bridge project has moved a step ahead this month despite years of hurdles.

SAN FRANCISCO - California redevelopment agency proponents have filed a lawsuit in state Supreme Court to block laws that would kill or drastically curtail the RDAs to fill a gap in the recently adopted budget.

SAN FRANCISCO - California is working on a $5 billion bridge loan from banks to avoid the potential market chaos that could be caused by a possible U.S. government default due to political gridlock over the nation's debt limit.

LOS ANGELES - Amid a recent downgrade and talk of financial woes, Los Angeles will roll out almost $500 million of general obligation bonds this month.

The financial troubles in North Las Vegas may be getting so bad the state government may step in, according to local press reports.

Moody's Investors Service has downgraded the Los Angeles County Metropolitan Transportation Authority's $1.2 billion of Proposition C sales tax revenue bonds one notch to Aa3 because of weaker coverage.

San Francisco has signed a deal with its police union that will increase pension fund payments in return for receiving past raises and avoiding layoffs, according to published reports.

California Treasurer Bill Lockyer gave a thumbs-up to Democrats for cutting back the state's structural deficit, saying it would encourage Wall Street and give him better leverage to borrow.

California Controller John Chiang Monday said revenues came in $351 million less in June and May than anticipated in the newly adopted state budget.

LOS ANGELES - Pacifica Law Group, a recently formed public finance firm in Seattle, announced two prominent industry lawyers have joined its team.

LOS ANGELES - A bill moving through the California Legislature would lower the state's short-term borrowing costs with the help of a $1.7 billion cushion from its two public university systems.

LOS ANGELES - Moody's Investors Service Tuesday downgraded Los Angeles' general obligation bonds one notch to Aa3 from Aa2, affecting $3.3 billion of outstanding debt.

SAN FRANCISCO — Washington Treasurer James McIntire announced a "Buy Washington Bonds" program Friday that will result in the state's first negotiated tax-exempt bond sale in decades.

SAN FRANCISCO — Standard & Poor's changed California's outlook to stable from negative Thursday, saying the state's cash flow appears unobstructed by its newly adopted budget.

SAN FRANCISCO — California Controller John Chiang's legislative push to increase oversight of local government finances in the wake of a scandal in the city of Bell has stalled in the face of political blowback.

Washington Gov. Christine Gregoire announced she has formed a task force this week to develop a 10-year investing and funding plan for the state's transportation system.