California

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.

Industry, Calif.’s leaders say they have implemented 90% of the reforms needed to fix financial irregularities that cost the city one of its bond ratings.

Downgrades have outpaced upgrades for California school districts that saw ratings changes under Fitch Ratings' revised criteria.

California Republicans have asked the Trump administration to block federal aid to the state's high speed rail project.

The Trustees of California State University will price $1.2 billion in revenue bonds next week for projects as it the system grapples with 23% enrollment growth over the past four years.

The California State Teachers Retirement System became the latest public pension fund to lower its investment earnings forecast.

President Trump's "sanctuary city" order is expected to foreshadow more long-term turbulence for urban-federal relations as the president sought to force compliance with his objectives by threatening to cut federal funding.

The sale of bankrupt Hanjin Shipping’s majority stake in a terminal operator that represented 30% of Port of Long Beach’s revenues in 2015 is a credit positive for the port.

Nearly four and a half years later, San Bernardino has received final approval on its plan to exit bankruptcy.

The Internal Revenue Service has told the California Municipal Finance Authority that $32.5 million of refunding bonds it issued in 2007 for Exxon Capital Ventures, Inc. are taxable, but the borrower is disputing the finding.

The Port of Oakland this week asked a large stakeholder task force to look for operating efficiencies in preparation for an ambitious construction agenda this year.