California

California tax revenue missed projections by $708 million in fiscal 2016, the state Department of Finance announced.

Pension fund veteran Marcie Frost will helm the nation's largest public employee retirement plan, the California Public Employees' Retirement System.

Assessed property values in California are growing robustly in the state’s larger counties, which bodes well for the state budget and local bonds backed by property taxes.

San Diego residents will have a chance this fall to vote on a proposed hotel room tax hike that would back bonds for a $1.8 billion professional football stadium-convention center downtown, but some critics question the bond financing.

Thousands of California motorists are participating in nine-month VMT pilot program to test a replacement for the state's gasoline tax revenues.

Santa Clara County, Calif.’s $6.5 billion sales tax plan to fund road and rail projects has been put on November ballot.

The two California cities that have done the most to challenge public employee pensions say court challenges have not daunted their efforts to shrink employee benefits to match revenues.

The Los Angeles City Council approved placing a $1.2 billion bond to pay for homeless on November's ballot.

An audit conducted by the Los Angeles Controller's office found that a city stormwater management program was making $47 million in unnecessary interest payments by structuring the timing of issuances incorrectly.

Decades of fiscal restraint have put L.A. County in a better position to step up spending to address homelessness, prison overcrowding and other social needs.