California

A majority of states leverage their revolving funds to issue municipal bonds to finance local projects.

A ballot measure in November will ask voters to reverse the tax increase and construction package lawmakers approved in 2017.

The $425 million bond measure would pay to strengthen a seawall and protect against earthquake and flood risk.

A ballot measure to split California into three states qualified for the state's November ballot.

Only nine states reported making midyear budget cuts totaling $830 million this year compared to 22 states that cut $3.5 billion in 2017.

A nonprofit overseen by the Seattle-based Public Facilities Group will sell the bonds.

The City Council approved a budget that includes $559 million for infrastructure.

A $3 toll hike will raise $4.45 billion for transportation projects.

San Francisco voters approved a parcel tax aimed at retaining teachers through salary raises.

Controller Betty Yee released her cash report for May.