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Fitch: CalPERS Decision Will Raise Pension Costs

Audits Find Payroll Abuses by Two California Agencies

No California School Bond Measure This Year

Levine Reappointed to LADWP Board

L.A. Mayor Names Chief Data Officer

Moody's Withdraws Rating on Tehachapi Health GOs

MMA: New Calif. Law Will Lower Borrowing Costs

California School Bond Bill Halved to $4.3 Billion in Committee

Moody's: Insolvent Hospital Is Negative for Contra Costa

SEC Probing West Contra Costa USD in California


Issuance of municipal MSA tobacco bonds by states was the subject of a highly critical article published by ProPublica. The article attempts to make a case that states erred in deciding to issue tobacco bonds. The article was widely circulated across social media. As we frequently observe, the national media focus on the muni market is appreciated, but the facts got muddied in the pursuit of a good story.

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