California

California’s High Speed Rail Authority can sell bonds for the Central Valley segment, said the director of California’s Department of Finance.

Former Stockton Mayor Anthony Silva, who occupied city hall during much of the city’s bankruptcy, was arrested at San Francisco International Airport Sunday and stands accused of embezzling money from a nonprofit children’s organization.

Strong demand is expected to greet the largest municipal bond deal of the year so far, a $2.4 billion California general obligation pricing.

Troubles at the Oroville Dam in Northern California highlight the need for infrastructure maintenance and investment.

California efforts to embed more consumer protections into PACE loans are advancing on two tracks.

California Sen. Nancy Skinner, D-Berkeley, has introduced legislation to make it more difficult for healthcare companies to close California non-profit hospitals that provide emergency services.

Ridership on the bond-supported Bay Area Rapid Transit system in Northern California is stagnating, leading to a need for financial changes.

Troubles at the Oroville Dam in Northern California highlight the need for infrastructure maintenance and investment.

Fitch Ratings boosted San Diego ratings one notch as the city enters budget process.

Two California Lawmakers want to lower the required voter threshold to pass many local bond measures from a two-thirds supermajority to a 55% simple majority.

Caltrain is relying on an on-line petition to reverse a hold on $647 million federal rail grant.

Threats to the future of the North American Free Trade Agreement and the cross-border commerce it facilitates could reverberate through the trade-oriented West Coast economy.

California Gov. Jerry Brown’s transportation funding proposal is too complex and does not include enough money to tackle the state’s transportation needs, according to a report from the Legislative Analyst’s Office.

California revenues for January beat projections in the governor’s proposed 2017-18 budget by $747 million, but year-to-date revenues still missed the mark.

A trade war or trade slowdown with China could impact some credits, with West Coast container ports particularly vulnerable.

Far West issuers sold $90.7 billion of municipal bonds in 2016, a 8.5% increase over the prior year.

PHOENIX - Legislation that would raise gasoline and other taxes to fund California transportation infrastructure is a step closer to passage after a committee vote Tuesday, in a sign of life for transportation after the legislature failed to pass a funding bill last session.

Loma Linda University was downgraded to Baa1 by Moody’s Investors Service ahead of plans to price $179 million in revenues bonds next week.

California revenues for January beat projections in the governor's proposed 2017-18 budget by $844.4 million, but year-to-date revenues still missed the mark.

Spending grew faster than revenues in Los Angeles in fiscal 2016 prompting the city controller to warn city leaders to be cautious as they begin the budget process.