Keeley Webster

AI champ Nvidia and three other tech companies are driving a stock market surge resulting in California revenues coming out $7 billion above expectations set when the 2024-25 budget was approved in July.

Credit ratings and the role of rating agencies have changed in response to an evolving market over the past 16 years, according to speakers during an online California Debt and Investment Advisory Commission.

The Aloha State received three rating affirmations as it prepares to sell $750 million of taxable general obligation bonds.

The Los Angeles school district was at the forefront of a Build America Bond refunding wave with its $2.9 billion deal.

Pressure on the state budget level is being felt by both the University of California and California State University systems.

Build America Mutual insured the majority of the maturities in the West Contra Costa Unified School District GO deal.

San Francisco's slow recovery from the pandemic and continued financial pressures drove the downgrade, Moody's analysts said.

A preliminary 9.3% return on investments in the year ending June 30 brought CalPERS' funded ratio to 75%, the public pension fund reported.

The state received $250 million in federal funding to expand a Salton Sea restoration project in Imperial County, near the Mexican border.

Mr. Barnett, whose journalism career stretched nearly half a century, was a "consummate professional," who was well-liked by colleagues and muni industry professionals.