California

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.

California is spending big on water and sewer infrastructure, with multiple large deals from state and local issuers, including transactions with green bond certifications.

The Southern California Logistics Airport Authority’s subordinate tax allocation revenue bonds enjoyed a Moody’s Investors Service upgrade to B3 from Caa2.

Preliminary plans to relocate the National Football League’s Oakland Raiders to Las Vegas call for the creation of a Clark County Stadium Authority that would issue up to $750 million of bonds to help finance a new $1.4 billion stadium under a public-private partnership agreement.

The future of pension obligation bonds remains cloudy in California in the wake of the haircuts imposed on their holders in the San Bernardino and Stockton bankruptcies.

San Bernardino is on track to exit bankruptcy by the end of the year, City Attorney Gary Saenz said.

State budget conditions vary widely as of late fiscal 2016, with the overall picture getting better while states with less diversified economies face significant stress, Standard & Poor's said Wednesday.

The recent decision by the California State Teachers’ Retirement System to change its investment policy and reduce expected asset return volatility, is credit positive for California and its school districts , Moody's Investors Service said.

California is the least prepared to weather a recession of the four most populous states, according to a Moody’s Investors Service fiscal stress test.

California achieved $195 million in net present value savings on a $1.5 billion competitive sale that included a sizeable refunding.

A California bill that would encourage the state’s two big public pension funds to invest in state infrastructure was approved in committee.