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Keeley Webster

senior reporter
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  • The first fire to pummel Los Angeles was sparked in the Pacific Palisades neighborhood on Tuesday.
    Natural disasters
    L.A. fire loss estimated at $20 billion in early figures

    Early totals on Los Angeles' trio of raging fires appear to vastly surpass devastating blazes experienced by the city over the past decade.

    By Keeley Webster
    January 9
  • California Gov. Gavin Newsom
    California
    California governor teases a balanced state budget

    California's revenue windfall good budget fortune could go sideways if President-elect Donald Trump torpedoes social programs, Gavin Newsom said Monday.

    By Keeley Webster
    January 7
  • California Attorney General Rob Bonta Interview
    Litigation
    California AG settles Medi-Cal/Medicaid fraud case

    California and federal officials  reached a $10 million settlement with the owners of a chain of non-profit health clinics and a laboratory in a case involving Medi-Cal and Medicare fraud.

    By Keeley Webster
    January 3
  • Rendering of a 12-story apartment building
    Trends in the Regions
    Affordable housing developer's deal a municipal market first

    BRIDGE Housing Corp. is the first to publicly offer tax-exempt bonds to finance construction of a new development, a 224-unit project in Portland, Oregon.

    By Keeley Webster
    January 3
  • View of San Francisco with Transamerica Pyramid in foreground and Salesforce Tower in background
    Ratings
    San Francisco ratings take third hit; Fitch assigns negative outlook

    San Francisco's "tepid" recovery from the pandemic was cited by Fitch.

    By Keeley Webster
    December 30
  • Oregon Gov. Tina Kotek
    Trends in the Regions
    Oregon Gov. Tina Kotek pushes out heavy agenda leading into the new year

    Kotek has spent the past month working on a very busy agenda involving housing, fires, transportation and construction labor agreements.

    By Keeley Webster
    December 27
  • Laura Dougherty, staff attorney for the Howard Jarvis Association, was granted a one-month extension to Jan. 31 to file briefs in the case against San Jose.
    Pension obligation bond
    California high court allows extra time for briefing in pension debt case

    Howard Jarvis Taxpayer Association has until the end of January to file briefs in its case challenging San Jose's pension obligation bond validation.

    By Keeley Webster
    December 24
  • San Francisco Skyline-Bloomberg
    Downgrades
    San Francisco loses second triple-A rating

    S&P Global Ratings downgraded San Francisco's debt a notch to AA-plus from AAA citing weakened economic trends and deficit spending. Moody's Ratings lowered it's rating a notch to Aa1 in October.

    By Keeley Webster
    December 23
  • Palomar Health's Palomar Medical Center Escondido, in Escondido, California.
    Downgrades
    Cyber event cited in Palomar Health ratings falling further into junk territory

    The San Diego County-based hospital system's financial woes were dire enough to earn junk ratings from Fitch Ratings, Moody's Ratings and S&P Global Ratings earlier this year. Fitch further downgraded the already junk ratings on Wednesday.

    By Keeley Webster
    December 20
  • Masked healthcare workers in a Mission Hills, California, hospital during the COVID-19 pandemic in February 2021.
    Trends in the Regions
    Hospitals could be hurting if Trump, GOP slash Medicaid

    The Trump administration may cut the Affordable Care Act and Medicaid, which threatens to land on a hospital sector still recovering from the COVID-19 pandemic.

    By Keeley Webster
    December 20
  • Washington Gov. Jay Inslee
    State budgets
    Washington state budget faces broad revenue gap

    A spike in inflationary costs means a tough road ahead for Washington lawmakers as they take up the budget in the new year.

    By Keeley Webster
    December 18
  • Mark Baldassare, survey director at the Public Policy Institute of California.
    Election 2024
    California tax and bond measures achieved record approval rates

    While tax and bond measures fared well in California's November election, reformers are taking aim at the state's slow certification process.

    By Keeley Webster
    December 16
  • Mayor Karen Bass speaks in Los Angeles on April 15, 2023.
    California
    Los Angeles warned of widening budget deficit

    A report the by the city administrative officer about the city's looming deficit underscores challenges facing Los Angeles Mayor Karen Bass.

    By Keeley Webster
    December 13
  • Trucks arriving from Mexico waiting for inspection at Otay Mesa point of entry in San Diego
    Trends in the Regions
    Border states weigh risks from Trump's threatened tariffs

    Border cities like San Diego have obvious concerns about the impact of a trade war, but the ripples would extend into the South and Midwest, analysts say.

    By Keeley Webster
    December 13
  • California's State Capitol in Sacramento
    Ratings
    California rating outlook raised to stable by Moody's

    The rating agency cited an easing of the state's fiscal challenges for lifting the outlook on the state's Aa2 rating to stable from negative.

    By Keeley Webster
    December 10
  • 586553307-bb_podcast_1080x1920_1.png
    Public finance
    California Treasurer talks bonds, housing and lieutenant governor bid

    Bond Buyer senior reporter Keeley Webster hosted a wide-ranging discussion on the state's fall bond slate, housing, and second-term priorities with California Treasurer Fiona Ma and Deputy Treasurer of Public Finance John Sheldon.

    By Keeley Webster
    December 10
  • Palomar Health's Palomar Medical Center Escondido, in Escondido, California.
    Downgrades
    California health district's financial woes could lead to bond covenant breaches

    The San Diego County-based healthcare district is at risk of "breaching financial covenants which, absent lender cooperation, could lead to acceleration of all of Palomar's outstanding revenue debt," Moody's Ratings analysts wrote.

    By Keeley Webster
    December 9
  • Massive fires burning in northern California and Oregon in September blanketed San Francisco with smoke.
    Trends in the Regions
    California's climate resilience fund takes aim at state's wildfire scourge

    California's IBank has partnered with an insurer and fire resilience fund to pay for fire resilience programs.

    By Keeley Webster
    December 6
  • Aerial view of Alameda and Oakland, California
    Downgrades
    Oakland receives Fitch downgrade as city flirts with insolvency

    The trifecta of sports team exits, homelessness and city leadership turnover has placed the San Francisco Bay area city on shaky fiscal ground.

    By Keeley Webster
    December 3
  • Bankruptcy
    Fitch: Spirit Airlines bankruptcy won't impact airport ratings

    The Fitch Ratings commentary considered ratings of airports in Florida, Nevada and South Carolina, which are most dependent on the airline for passenger traffic.

    By Keeley Webster
    November 25
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