California

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.

The anticipated merger of two West Coast hospital systems will not impact their AA-minus bond ratings, according to a S&P Global Ratings report.

California Treasurer John Chiang reassured Californians that he is monitoring the impact of Brexit on state finances.

The University of California, Merced, is closing in on formal execution of a $1.1 billion public-private partnership to nearly double the physical capacity of the campus by 2020.

California and Oregon voters may soon have the opportunity to vote on controversial soda taxes which could bring in millions of extra dollars annually.

San Diego’s Regional Transportation Agency faces opposition from environmental groups to a tax measure for November’s ballot that would raise $18 billion for the region’s transportation project

California revenues came in $7 million above the month’s forecast for May, the state’s Department of Finance reported.

California lawmakers approved a $122.5 billion budget that largely followed the blueprint Gov. Jerry Brown outlined in May, but also failed to tackle the issue of the state’s crumbling roads and highways.

The California election results demonstrate strong voter support for tax increases, a credit positive, according to a Moody’s Investors Services report.

Cash-strapped colleges and universities are increasingly likely to opt for P3 financing of campus infrastructure.

San Bernardino is negotiating with smaller creditors after having reached tentative agreements with employee unions, California Public Employee’s Retirement System and pension bondholders.