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Keeley Webster

Senior reporter
  • twitter
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  • University of California President Michael Drake 
    Higher education bonds
    California universities wary of threat to China student visas

    Chinese students comprise nearly half of international students attending University of California schools.

    By Keeley Webster
    May 30
  • John Deleray of UMB
    Career moves
    UMB hires 13 as it expands California trustee footprint

    UMB hired 13 people from Wilmington Trust, and opened an Orange County office, to expand in municipal and corporate trustee, escrow and paying-agent services.

    By Keeley Webster
    May 30
  • The Houston investor conference in 2024
    City of Chicago, IL
    Investor conference and transparency practices vary by city

    When Chicago barred media from its investor conference, it told journalists the policy aligned with peer municipalities' practices. The facts are less clear.

    By Jennifer Shea
    May 28
  • California Gov. Gavin Newsom in front of a podium, flanked by other politicians
    Lawsuits
    California will sue if Trump signs law repealing state's emission limits

    The bill attacks Gov. Gavin Newsom's executive order requiring state regulations phasing out the sale of new gasoline-powered cars and trucks by 2035.

    By Keeley Webster
    May 27
  • An aerial view of the John E. Skinner Delta Fish Protective Facility, located two miles upstream of the Banks Pumping Plant
    Water bonds
    Governor's plan gives Delta project a blank check, opponents claim

    California Gov. Gavin Newsom's proposal to speed plans for a second tunnel for the state's water conveyance system is facing stiff opposition from the Delta Caucus.

    By Keeley Webster
    May 21
  • boat accessing port of Los Angeles
    Tariffs
    Economic boost from trade war pause likely temporary, S&P says

    The macroeconomic boost from U.S.-China's 90-day pause on tariffs is partial and could prove temporary, S&P Global Ratings analysts said.

    By Keeley Webster
    May 19
  • Oregon Gov. Tina Kotek
    State budgets
    Oregon revenue outlook takes a dive amid economic headwinds

    Lawmakers have $755 million less to spend and only six more weeks to work on the two-year budget.

    By Keeley Webster
    May 16
  • California Gov. Gavin Newsom
    Trends in the Regions
    Tariffs reduce California revenues, complicating budget choices

    California Gov. Gavin Newsom said lowered revenues from the so-called "Trump slump" forced tough choices during annual May revisions to his budget.

    By Keeley Webster
    May 16
  • State capitol complex in Helena, capital of Montana state
    Private activity bonds
    Law expands Montana conduit issuer's reach, triples issuance cap

    The Montana Facility Finance Authority can directly issue debt for a broader array of organizations following a legislative change.

    By Keeley Webster
    May 13
  • California Gov. Gavin Newsom pictured speaking during debris removal for the Palisades fire
    Housing
    California governor wants cities, counties to enact homeless camp bans

    California Gov. Gavin Newsom released an enforcement model in conjunction with $3.3 billion in grant funding from a bond measure.

    By Keeley Webster
    May 12
  • California Gov. Gavin Newsom met with Central Valley farmers before a press conference in mid-April.
    State budgets
    California's fiscal issues mount as governor prepares May budget revisions

    The state's legislative analyst's office expects revenues for the fiscal 2025-26 budget year to be $7.8 billion lower than estimated in January.

    By Keeley Webster
    May 9
  • Debra Saunders
    Energy industry
    Muni banker's Department of Energy work may open tribal finance access

    Veteran muni banker Debra Saunders is working to help tribal governments access government financing and debt markets for energy projects.

    By Keeley Webster
    May 9
  • Damage from Los Angeles wildfires in January 2025.
    Wildfires
    Los Angeles DWP water bonds take KBRA downgrade on wildfire litigation risks

    Lawsuits claiming the LADWP failed to keep a reservoir filled or maintain water equipment were cited in KBRA's downgrade of its water system's revenue bonds.

    By Keeley Webster
    May 7
  • Gary Cohn, IBM's vice chair
    Trump administration
    Milken speakers don rose-tinted glasses to weigh Trump policy effects

    Speakers discussing how the U.S. will fare in the world post-Trump trade war and anti-immigration policies were largely optimistic.

    By Keeley Webster
    May 6
  • U.S. Treasury Secretary Scott Bessent
    Public finance
    Treasury Secretary Bessent makes a sales pitch to investors

    Bessent explained why he thinks Trump's tariffs, tax cuts and deregulation will create fertile ground for investors in a speech at the Milken Institute's global conference.

    By Keeley Webster
    May 5
  • Caitlin Wan Smith, an officer with Pew’s managing fiscal risks project
    Natural disasters
    Pew outlines ways to disaster-proof state finances

    Pew Charitable Trust outlined how governments can better prepare for natural disasters to alleviate budget pressures as these incidents have grown in frequency and severity.

    By Keeley Webster
    May 2
  • Wildfire destruction surrounds a largely intact shopping area in Pacific Palisades
    Ratings
    Los Angeles budget woes, wildfire impact bring another downgrade

    KBRA downgraded Los Angeles GO bonds to AA from AA-plus in the city's second downgrade within a week. The city's lease revenue bonds were also cut.

    By Keeley Webster
    May 2
  • Incoming California Treasurer Fiona Ma Interview
    Infrastructure
    California treasurer sponsors bill creating an infrastructure financing tool

    The bill would create a not-for-profit corporation modeled after California's IBank, but with more flexibility to handle large-scale projects, backers say.

    By Keeley Webster
    April 29
  • Sen. Jamie Pedersen
    State budgets
    Washington lawmakers deliver on-time budget, downplay tensions

    Washington lawmakers delivered a balanced budget after tweaking program cuts and tax increase plans multiple times.

    By Keeley Webster
    April 28
  • California Attorney General Rob Bonta Interview
    Trump administration
    Nineteen states sue over Trump threats to school funding

    The Democratic states sued a day after schools were required to certify the elimination of DEI programs or risk losing federal funding.

    By Keeley Webster
    April 28
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