State of California

California revenues beat state budget projections in May.

California Gov. Jerry Brown's plan to use a short-term state investment account to fund CalPERS faces some skeptics.

Municipal bonds turned stronger with U.S. Treasuries on a mixed employment report for May.

Transportation Secretary Chao has agreed to approve funding agreement for Caltrain.

California school districts are still waiting for the windfall from November's bond elections.

California's state controller wants a new governance policy for the state Board of Equalization.

California Gov. Jerry Brown proposed using money from an investment fund to pre-pay CalPERS.

A plan to fully fund the California State Teachers’ Retirement System will be tough for some districts.

Transportation Secretary Elaine Chao continues to block federal funds for a California rail project.

Wells Fargo dropped to eighth place among municipal underwriters, hurt by last year's phony accounts scandal. Citi maintained its lead in the ranking.