California

The city of Los Angeles is set to offer $1.46 billion of tax and revenue anticipation notes on Tuesday, June 21, in what will be the largest TRAN offering in the United States this year.

California's new, higher legal smoking age of 21 heralds more trouble for tobacco securitization debt, said analyst Richard Larkin.

Legislation to require California issuers to provide significantly more information about their bond payments and uses of proceeds appears to be marching toward passage.

The California legislature will vote Wednesday on whether to approve a compromise legislative leaders reached on the state’s proposed $169.3 billion budget.

In a first of a kind case, two California-based municipal advisory firms and their executives agreed to pay a total of $200,000 to settle Securities and Exchange Commission charges that they used deceptive business practices in dealing with five school districts.

Mesirow Financial has appointed Blake Anderson to a newly-created position leading client portfolio strategy in its institutional sales and trading group.

The San Francisco Bay Area Rapid Transit District Board of Directors has voted unanimously to place a $3.5 billion general obligation bond measure on the November ballot.

California revenues fell short of estimates in Gov. Jerry Brown's 2016-17 proposed budget, according to State Controller Betty Yee's monthly cash report.

California's controller, governor and some senators are calling for tax reform that would help eliminate the volatility inherent in dependence on taxing the state's affluent residents.

Leaders in California's largest cities are contemplating bond measures and tax increases to tackle worsening homelessness crisis, including an unprecedented local income tax in Los Angeles County.

The UCLA Anderson Forecast revised its expectations for both California and the national economy downward.

California local government officials and other stakeholders are becoming increasingly uneasy about the lack of activity in the state legislature’s special session on transportation.

The Port of Los Angeles board of commissioners approved a $1.17 billion budget Friday that includes no immediate plans for long-term debt.

Former California Treasurer Bill Lockyer has been hired to help Industry, Calif. come up with a plan to deal with accounting irregularities.

With housing costs soaring as demand exceeds supply, California Treasurer John Chiang is trying to put billions of dollars in unused private activity bond authority to work to build affordable housing.

New York City Comptroller Scott Stringer and California State Controller Betty Yee are urging public pension funds to embrace board-diversity practices inclusive of LGBT interests.

Former California Public Employees Retirement System chief Federico "Fred" Buenrostro received a prison sentence of four and a half years Tuesday, nearly two years after pleading guilty to accepting bribes in exchange for influencing CalPERS staff.

California’s high-speed rail project appears to have survived one legal challenge, as Kings County, Calif. will not further contest the legality of the bonds supporting the train.

The San Diego mayor’s office said it has saved $300 million in aggregate cash flow savings on refundings it has conducted over the past 12 months.

The San Diego County Water Authority’s senior lien credit rating was upgraded to AAA by S&P Global Ratings.