California

The advantages a hot municipal bond market creates for issuers were on display this week when the Los Angeles County Metropolitan Transportation Authority priced a refunding deal.

The California Public Employees' Retirement System's purchase of an equity stake in the Indiana Toll Road earlier this month is part of a growing trend of public pension funds investing more directly in large infrastructure assets.

Financial advisory firm KNN Public Finance has hired public finance banker Melissa Shick as a director to help with the growth the firm expects in new money issuance as California state and local issuers take aim at needed infrastructure improvements.

California Gov. Jerry Brown's recent executive order about state water restrictions is a credit positive for local water agencies, according to Moody’s Investors Service.

California cut or delayed $1.5 billion of projects from a five-year road program as gas tax collections continue to fall.

California is beginning to address some key infrastructure gaps, Wells Fargo analysts said in a report.

Lawmakers on both sides of the aisle are digging in for a struggle over California Gov. Jerry Brown’s revised budget proposal, as both parties try to adjust priorities with California’s fiscal outlook apparently dimming.

California voters will be considering 57 bond authorizations with supporting tax increases when they cast a ballot in the state’s June 7 presidential primary.

San Diego announced agreements with three unions that city officials say will lock in pension reforms.

The League of California Cities is part of a planned Sacramento rally to raise awareness about the state’s dilapidated infrastructure.

Treasurer John Chiang’s name has been floated over the past several months as a candidate for governor – and Tuesday he made it official.

California Gov. Jerry Brown released a revised state budget proposal that he said would fund core programs while paying down debt, saving money and holding the line on new obligations.

Proposed changes to California's drought regulations would likely result in higher sales and better financial performance for water issuers in fiscal 2017, according to Fitch Ratings.

Hosting Super Bowl 50 injected $11.6 million into the San Francisco economy, according to the city controller.

With water from a desalination plant flowing through its pipes, the San Diego County Water Authority heads to market with a $340 million refunding.

California’s April revenues fell short of estimates in Gov. Jerry Brown’s proposed 2016-17 budget by $1.19 billion, according to the state controller’s monthly cash report.

A California authority and a high school district said this week that they are prepared to file a protest and appeal of an expected Internal Revenue Service proposed adverse determination that $25.4 million of tax-exempt variable rate demand bonds are taxable.

California Gov. Jerry Brown issued an executive order to make many statewide temporary conservation measures permanent, saying that El Niño rainfall hasn’t solved the state’s drought problems.

The Port of Oakland said today that containerized export volume increased 7% last month from a year ago, the fourth consecutive month of increases.

A one-day strike by the faculty of the San Francisco Community College District is a bad sign because it shows a strong resistance to the district’s efforts to balance its books, Moody’s Investors Service said Thursday.