SAN FRANCISCO - Proposals from both the governor and the Legislature to close California's budget deficit include stripping the share of state fuel-tax revenue that currently goes to local governments.

Local government officials say the proposal would illegally strip those governments of one of their main tools for street maintenance.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.