California Pays Off $15 Billion In Costly Debt From 2004California is set to make its final payment on $15 billion in costly borrowing championed a decade ago by then-Gov. Arnold Schwarzenegger.
California Treasurer John Chiang Nixes Run For Boxer's Senate SeatCalifornia Treasurer John Chiang won't seek Barbara Boxer's U.S. Senate seat.
Calif. Controller Orders City Of Cudahy To Repay $22.7M In Taxpayer FundsAuditors say officials in the city of Cudahy had virtually no oversight in place to prevent the misuse of taxpayer dollars when it spent nearly $23 million in redevelopment funds.
Assembly Speaker John Perez Announces Bid For State ControllerAssembly Speaker John Perez says he is running for state controller next year.
MetLife To Pay $500M For Allegedly Withholding Life Insurance BenefitsMetLife Inc. has agreed to pay nearly $500 million in a 20-state settlement over allegations it didn't pay life insurance benefits to some of its policyholders.
Gov. Jerry Brown Signs Bill To Allow Internal BorrowingGov. Jerry Brown has signed a bill that will help the state avoid cash-flow problems this spring by allowing it to borrow from existing government funds.
Free Tax Preparation Available For Some Southland ResidentsCalifornia State Controller John Chiang says free tax preparation will be available for families and individuals with household incomes of $50,000 a year or less.
Plunge In Tax Revenue May Force Calif. To Cut Public Safety, School FundingThe gloomy report amplifies fears the state will have no choice but to impose deeper budget cuts this winter.
Medical Workers At California Prisons Paid Six-Figure SalariesThe biggest factor behind the top salaries: payouts for unused vacation and sick time that sometimes doubled an employee's base salary.
Calif. Lawmakers Start Closing $9.6B Deficit Exercising their new majority-vote authority, Democratic lawmakers began approving an $86 billion spending package Tuesday but did so without the tax renewals they had sought all year.
Controller Halts Pay For California LawmakersCalifornia state Controller John Chiang announced Tuesday he was halting pay for state lawmakers, saying their budget plan was not balanced and did not meet the state's requirement for getting paid.
Calif. Officials Freeze Housing Developer's Money During ProbeTwo top California officials have frozen almost $150,000 of campaign contributions given to them from a housing developer accused of defrauding government agencies.