California

California revenues fell short of estimates in the 2016-17 Budget Act, according to State Controller Betty Yee’s monthly cash report.

California Treasurer John Chiang's efforts to combat pay-to-play activities among local issuers received mixed reviews from municipal bond industry participants.

An audit that accused Los Angeles of wasting millions of dollars in interest costs by issuing bonds too soon “over-simplified important factors,” said the head of the office in charge of the city’s bond issuance.

The controversial $15.7 billion plan to build two giant water tunnels in California’s Sacramento-San Joaquin Delta is moving closer to reality though huge financial and legal challenges loom.

Poised for Growth, San Diego and Chicago-based fund manager Gurtin Fixed Income Management promoted Michael Johnson to co-CEO.

Californians will vote on several bond-related initiatives among the 17 ticketed for the statewide ballot on Nov. 8.

Four transportation agencies in California's three largest metropolitan areas have placed tax measures on November's ballot.

California Treasurer John Chiang announced that municipal finance firms seeking state business will be required to certify that they will make no contributions to local bond election campaigns in the state.

Lackluster investment returns reported by some of the nation's largest public pension funds signal intensifying fiscal pressure on U.S. state and local governments, Moody's Investment Service said Tuesday.

A new arena for the National Basketball Association's Golden State Warriors remained on track after a San Francisco Superior Court upheld its environmental review this month, although it faces continued appeals and resistance.

The University of California, Merced, received final approval from the UC Board of Regents to move forward with a $1.1 billion public-private partnership.

A California Supreme Court ruling removes one obstacle for Gov. Jerry Brown’s $15.7 billion plan to build two giant water tunnels in the Sacramento-San Joaquin Delta.

Biotech Amgen has agreed to pay $95 million to settle a class action filed on behalf of investors with Connecticut Retirement Plans and Trust Funds as lead plaintiff.

The California Public Employees' Retirement System this week reported a preliminary 0.61% return on its investments for the past year, which is likely to pressure governments that contribute to the system.

Los Angeles Unified School District has four times the unfunded OPEB liability of its closest peers, according to a Moody's Investors Service report.

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.