State of California

Chiang, a Democrat, is running for governor in 2018.

The ballot measure is part of a legislative package spurred by the state's growing housing crisis

August revenues exceeded budget projections by $343.7 million.

Top-shelf municipal bonds were stronger in late morning activity, according to traders, who are looking ahead to next week’s holiday-light calendar. Ipreo estimates total bond volume for next week at $3.86 billion.

The municipal bond market is winding up the week ahead of the three-day holiday weekend. Markets will be closed on Monday in observance of Labor Day.

Volume shrank from August 2016, when the market was on a record-breaking run.

A firm deploying a direct-to-buyer bond technology platform was among the co-managers.

A delegation of city leaders traveled to Sacramento to lobby for the measure.

The lion’s share of this week’s issuance hit the screens, led by California’s general obligation bond deal and the Greater Orlando Aviation Authority’s revenue bond offering.

if voters sign off, proceeds of the bonds will finance affordable housing projects.