State of California

The California cap-and-trade program generates funds for infrastructure programs.

California June revenues were 2.5% below projections outlined in last year’s budget.

There are times when there is no better alternative to a tax increase.

Bank of America Merrill Lynch used a big second quarter to overtake Citi at the top of the municipal league tables, while Morgan Stanley, RBC Capital Markets and Goldman Sachs moved up in the first half rankings.

A series of high-profile cases may endanger California’s “vested rights” doctrine.

California lawmakers have approved a plan to borrow up to $6 billion to prepay pension obligations.

Laura Whittall-Scherfee will direct a California agency that finances affordable housing.

California lawmakers approved a $183.2 billion all-funds budget package.

California lawmakers reached an agreement Tuesday on the most contentious budget items.

California revenues beat state budget projections in May.