California

With housing costs soaring as demand exceeds supply, California Treasurer John Chiang is trying to put billions of dollars in unused private activity bond authority to work to build affordable housing.

New York City Comptroller Scott Stringer and California State Controller Betty Yee are urging public pension funds to embrace board-diversity practices inclusive of LGBT interests.

Former California Public Employees Retirement System chief Federico "Fred" Buenrostro received a prison sentence of four and a half years Tuesday, nearly two years after pleading guilty to accepting bribes in exchange for influencing CalPERS staff.

California’s high-speed rail project appears to have survived one legal challenge, as Kings County, Calif. will not further contest the legality of the bonds supporting the train.

The San Diego mayor’s office said it has saved $300 million in aggregate cash flow savings on refundings it has conducted over the past 12 months.

The San Diego County Water Authority’s senior lien credit rating was upgraded to AAA by S&P Global Ratings.

The advantages a hot municipal bond market creates for issuers were on display this week when the Los Angeles County Metropolitan Transportation Authority priced a refunding deal.

The California Public Employees' Retirement System's purchase of an equity stake in the Indiana Toll Road earlier this month is part of a growing trend of public pension funds investing more directly in large infrastructure assets.

Financial advisory firm KNN Public Finance has hired public finance banker Melissa Shick as a director to help with the growth the firm expects in new money issuance as California state and local issuers take aim at needed infrastructure improvements.

California Gov. Jerry Brown's recent executive order about state water restrictions is a credit positive for local water agencies, according to Moody’s Investors Service.

California cut or delayed $1.5 billion of projects from a five-year road program as gas tax collections continue to fall.

California is beginning to address some key infrastructure gaps, Wells Fargo analysts said in a report.

Lawmakers on both sides of the aisle are digging in for a struggle over California Gov. Jerry Brown’s revised budget proposal, as both parties try to adjust priorities with California’s fiscal outlook apparently dimming.

California voters will be considering 57 bond authorizations with supporting tax increases when they cast a ballot in the state’s June 7 presidential primary.

San Diego announced agreements with three unions that city officials say will lock in pension reforms.

The League of California Cities is part of a planned Sacramento rally to raise awareness about the state’s dilapidated infrastructure.

Treasurer John Chiang’s name has been floated over the past several months as a candidate for governor – and Tuesday he made it official.

California Gov. Jerry Brown released a revised state budget proposal that he said would fund core programs while paying down debt, saving money and holding the line on new obligations.

Proposed changes to California's drought regulations would likely result in higher sales and better financial performance for water issuers in fiscal 2017, according to Fitch Ratings.

Hosting Super Bowl 50 injected $11.6 million into the San Francisco economy, according to the city controller.