California

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.

Santa Clara County, Calif.’s $6.5 billion sales tax plan to fund road and rail projects has been put on November ballot.

The two California cities that have done the most to challenge public employee pensions say court challenges have not daunted their efforts to shrink employee benefits to match revenues.

The Los Angeles City Council approved placing a $1.2 billion bond to pay for homeless on November's ballot.

An audit conducted by the Los Angeles Controller's office found that a city stormwater management program was making $47 million in unnecessary interest payments by structuring the timing of issuances incorrectly.

Decades of fiscal restraint have put L.A. County in a better position to step up spending to address homelessness, prison overcrowding and other social needs.

California Governor Jerry Brown scored a win on the budget he signed Monday in efforts to convince legislators to continue to restrain spending.