California

La Verne is using a new Enhanced Infrastructure Financing District to develop the area around a new train station.

The 12-cent-per-gallon fuel tax increase took effect Nov. 1.

Cities and states on the the borders are vulnerable to falling tax receipts amid protectionist rhetoric that threatens NAFTA, Fitch Ratings said.

Without tax-exempt private activity bonds, charters would have to turn to more expensive and restrictive capital sources.

Issuers of conduit debt would lose their primary purpose if Congress eliminates private activity bonds.

Many coastal governments would see budget pressure and diminished tax-raising ability, analysts said.

The elimination of private activity bonds “would throw gasoline on a housing shortage," said John Chiang, California's treasurer.

Voters in seven California cities approved marijuana taxes Tuesday.

State Treasurer John Chiang wants a study to consider a state bank for the legal pot industry.

The Tulare Local Health Care District defaulted on its revenue bonds and closed its hospital.