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The agreement includes plans for a bill creating a constitutional amendment to allow the state to set aside greater sums in reserves.

With a tax battle looming, the chair of the powerful committee will guide tax policy.

Broker-dealer Millennium will provide clients with real-time pricing and trade execution capabilities by connecting directly to the Investortools Dealer Network, or IDN.

The low-investment-grade offering for a high-profile public private partnership stood out in a crowded airport sector.

"It is hard to be overly excited about current valuations of tax-exempts relative to Treasuries; however, at tax-adjusted yields (using individual tax brackets), munis look quite attractive compared with other asset classes," noted Barclays PLC.

Knowing where to focus won't be easy among the numerous issues in play.

The California Supreme Court issued an opinion Thursday blocking an anti-tax measure from November's ballot.

A petition aimed at the Federal Emergency Management Agency highlights the deficiencies and opportunities FEMA has in adapting to a world of frequent extreme weather events

While the muni market lobbies for its wish list, investors keep in mind that any tax rate changes affect appetite and market technicals.

Existing California law requires hospitals to be fully operational after a large earthquake by 2030. The Senate has passed a bill to extend the deadline.