California

A California tax board responsible for handling $48.5 million, representing 24% of state revenue in fiscal 2013-14, is placing money in the wrong accounts and failing to collect debts, according to the controller’s office.

Despite strong revenue numbers, the California Legislative Analyst's Office cautioned legislators against increasing spending on programs that could be hard to maintain if an economic downturn occurs.

A proposed California ballot initiative could limit financing for the state's major infrastructure projects, Fitch Ratings says.

The California governor’s extension of water conservation mandates could mean downward ratings pressure in the mid-to-long term for water utilities, Fitch Ratings said.

The San Diego City Council approved a plan to hike water rates by nearly 35% in stair steps over a four-year period.

Los Angeles Airport expects to be the busiest U.S. airport during Thanksgiving holiday for third year in a row.

A U.S. Court of Appeals bankruptcy panel will hear arguments Thursday from Stockton, Calif. and creditor holdout Franklin Templeton Investments, which is appealing confirmation of the city's plan of adjustment.

California’s treasurer has launched an open data website that he says will make it easier to analyze $1.5 trillion in debt issued in the state since 1984.

The slowing Chinese economy and the strong U.S. dollar have the potential to impact export oriented industries in the U.S.

EAX Trading pulled the plug last week on a two-year effort to launch a municipal bond electronic trading platform aimed at the secondary market.