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Keeley Webster

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  • State Controller Betty Yee at the 2019 California Democratic Party State Convention at the George R. Moscone Convention Center in San Francisco, California on June 1, 2019.
    State budgets
    Finger-pointing on California's late CAFR as investors shrug

    The state auditor raised questions about how the state controller reported California's OPEB liability in the report, which took 11 months to release.

    By Keeley Webster
    August 1
  • Michael Dunleavy, governor of Alaska, speaks during the 2019 CERAWeek by IHS Markit conference in Houston, Texas, U.S., on Friday, March 15, 2019
    State budgets
    Budget cuts drive University of Alaska to consolidate its campuses

    University of Alaska President Jim Jensen has six weeks to craft a plan to consolidate three universities.

    By Keeley Webster
    July 31
  • A firefighter searches a burned-out building in Paradise, California, U.S., on Thursday, Nov. 15, 2018.
    Utilities
    California's wildfire fund is positive for state and localities, Moody's says

    A new state law established the wildfire fund to provide a financial buffer for claims against utilities.

    By Keeley Webster
    July 26
  • Construction of SANDAG's Mid-Coast Transit Project, a San Diego Trolley extension to La Jolla reached its halfway point in spring 2019 and service is anticipated to begin in late 2021.
    Primary bond market
    San Diego agency brings $331 million in green bonds, including turbos

    The San Diego Association of Governments deal, backed by a federal capital grant, is structured to allay investor concerns about funding delays.

    By Keeley Webster
    July 25
  • Mike Dunleavy is sworn in as Alaska's governor on December 3, 2018 in Kotzebue.
    Higher education bonds
    State cuts push University of Alaska toward extreme downsizing

    Facing Gov. Mike Dunleavy's 40% cut in state funding, the regents passed a measure allowing it to lay off tenured professors and close campuses.

    By Keeley Webster
    July 23
  • Dan Morissette, chief financial officer of CommonSpirit Health at its 2019 creation. Before that he was CFO of Dignity Health, which merged into CommonSpirit
    Sell side
    Muni market expected to easily absorb enormous healthcare deal

    CommonSpirit Health will sell $2.7 billion of taxable bonds and $3.1 billion of tax-exempt debt, with BBB-plus ratings, into a supply-starved market.

    By Keeley Webster
    July 18
  • The Securities and Exchange Commission flag flies in front of a building.
    SEC enforcement
    SEC settles charges of unregistered activities on behalf of municipal advisor

    Registered advisory firm Dale Scott & Co. will pay $25,000, and one firm and one individual each will pay $10,000 for acting as unregistered solicitors.

    By Keeley Webster
    July 16
  • Marybel Batjner was named by Gov. Gavin Newsom to head the California Public Utilities Commission in July 2019.
    Career moves
    New leader for California PUC amid trying time for state's utilities

    Marybel Batjer will head the Public Utilities Commission as investor-owned utilities struggle with wildfire liabilities.

    By Keeley Webster
    July 15
  • Banker Jose Vera opened a new Pasadena office for Raymond James in 2019.
    Career moves
    Raymond James continues California growth arc with new hire

    The firm opened its fifth California office by hiringbanker José Vera in Pasadena.

    By Keeley Webster
    July 12
  • Gavin Newsom, Democratic candidate for governor of California, gestures as he speaks during a primary election watch party in San Francisco, California, U.S., on Tuesday, June 5, 2018. He was elected governor in November.
    Energy industry
    California's bond-financed wildfire fund will absorb utility liabilities

    Gov. Gavin Newsom signed the bill to establish the wildfire fund, to be seeded with new bonds backed by an old utility ratepayer surcharge.

    By Keeley Webster
    July 12
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