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Keeley Webster

senior reporter
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  • SRI International plans to break ground on a major revamp of its 63-acre headquarters campus in 2026
    Bond ratings
    Moody's cuts Silicon Valley nonprofit tech research firm's rating to Baa1

    SRI International had its outstanding bonds downgraded to Baa1 because of its exposure to declining federal grants.

    By Keeley Webster
    11h ago
  • A pro-Palestine demonstation at the University of California-Berkeley in 2024. The Trump administration cited such expressions to threaten UC research grants.
    Trends in the Regions
    University of California returns to market with a bigger deal

    The Regents of the University of California will sell $2 billion of bonds next week after yanking a $1.5 billion summer deal amid Trump administration threats.

    By Keeley Webster
    December 5
  • jerry-nickelsburg-ucla-anderson-forecast
    Economy
    Countervailing forces will soften economic dip, UCLA Anderson predicts

    The U.S. and California economies will slow in early 2026, only to recover later in the year, according to the forecast.

    By Keeley Webster
    December 3
  • The Space Needle in Seattle
    Primary bond market
    King County, Washington, boasts trio of triple-As as it preps competitive sale

    King County, Washington plans a $422.2 million competitive sale of limited tax general obligation bonds for Wednesday.

    By Keeley Webster
    December 1
  • San Mateo County Supervisor Lisa Gauthier
    Lawsuits
    Northern California cities claim state owes them $38 million

    22 municipalities are suing the state over vehicle-license fees they say California has failed to pay them.

    By Keeley Webster
    November 26
  • Oakland Mayor Barbara Lee
    Sell side
    Oakland touts balanced budget, new mayor ahead of bond sale

    Oakland touts financial turnaround with a $335 million bond sale ahead, despite negative credit outlooks.

    By Keeley Webster
    November 25
  • Cruise terminal building under construction in Seward, Alaska
    Anatomy of a Deal
    Anatomy of a deal: Alaska Railroad manages cruise project risk

    The railroad corporation's bond financing used a creative risk transfer approach to replace a crumbling cruise ship dock and terminal building.

    By Keeley Webster
    November 21
  • Gabriel Petek, California's legislative analyst
    State budgets
    California has an $18 billion budget problem, LAO says

    The situation is worsening, driven by rising costs and AI revenue risks, the forecast warns.

    By Keeley Webster
    November 20
  • Career moves
    Washington state governor appoints Bennett to head lottery

    Brian Bennett has been appointed director of Washington's lottery.

    By Keeley Webster
    November 19
  • Sarah Sullivant, an S&P Global Ratings managing director and sector lead for U.S. local government.
    Trends in the Regions
    Public education's demographic challenge is acute in California

    Negative rating and outlook revisions for U.S. K-12 public school districts rose markedly from 2024 to 2025, according to S&P Global Ratings.

    By Keeley Webster
    November 14
  • Obituaries
    Veteran bond attorney John Keohane dies at 84

    Keohane was described by colleagues as a deep thinker with an encyclopedic knowledge of New York public finance law and a great sense of humor.

    By Keeley Webster
    November 12
  • Port of Long Beach Chief Executive Officer Mario Cordero
    Tariffs
    Long Beach, California, port traffic stable despite tariff headwinds

    The Port of Long Beach cargo volumes are ahead of last year for the first 10 months, though October saw a dip in traffic.

    By Keeley Webster
    November 10
  • Planes at Fresno Yosemite International Airport
    Ratings
    Fresno airport bond outlook soars to positive

    Fresno, California, received a boost to positive from stable on its senior lien airport revenue bonds.

    By Keeley Webster
    November 7
  • berry-robert-CDIAC-treasurer's office
    Trends in the Regions
    California issuers seek financial tools to pay child sex abuse claims

    The California Debt and Investment Advisory Commission explored public finance solutions to child sexual abuse claims this week at an event in San Diego.

    By Keeley Webster
    November 7
  • ma-fiona-official-lrg.jpg
    California Public Finance
    OBBBA fix to housing tax credit doesn't bring building boom

    The federal budget bill lowered the percentage of private-activity bonds needed for affordable housing projects to qualify for 4% tax credits, but it hasn't been the boon expected.

    By Keeley Webster
    November 5
  • oscar-padilla-sandp-hires-landscape
    California Public Finance
    Volume expectations are a bright spot in muni outlook

    Muni experts discussed how macroeconomic concerns and a volatile political environment are affecting the market as the market chalks up another record year of issuance.

    By Keeley Webster
    November 4
  • Utility workers remove power equipment after the Palisades wildfire in Los Angeles.
    Trends in the Regions
    Los Angeles DWP will ride an improved Fitch outlook to market

    The Los Angeles Department of Water and Power will sell $977.6 million of water revenue bonds as it grapples with the impacts of January's devastating wildfire.

    By Keeley Webster
    October 31
  • voting in San Francisco
    Elections
    Wealth tax measure could be headed to California voters

    California's largest health workers union sent ballot language to state Attorney General Rob Bonta in an effort to add a wealth tax proposal to the November 2026 ballot.

    By Keeley Webster
    October 27
  • Oakland skyline
    Downgrades
    Oakland USD receives negative outlook from Moody's

    The northern California school district has been struggling for years and on several occasions abandoned plans to consolidate schools, which rating agencies say might have shored up finances.

    By Keeley Webster
    October 24
  • Rolando Chavel San Diego's chief financial officer
    Career moves
    Rolando Charvel named San Diego's chief financial officer

    This will be Charvel's second stint as the city's CFO.

    By Keeley Webster
    October 21
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