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Market Intelligence:
Advisor
Legal
Research
Market Data

Keeley Webster

Senior reporter
Connect with Keeley
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  • California federal and state lawmakers break ground for a 750-acre project to restore the Salton Sea
    ESG
    California federal and state lawmakers laud progress on Salton Sea project

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

    By Keeley Webster
    October 16
  • Chip Barnett and John Hallacy
    Obituaries
    Former Bond Buyer reporter Chip Barnett dies at 67

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

    By Keeley Webster
    October 11
  • Michael S.F. Burger, a director in Fitch's U.S. Public finance, not-for-profit Healthcare division.
    Ratings
    California hospital receives rating outlook boost to positive

    Fitch revised upward its outlook for Marin General Hospital and affirmed its revenue bonds at BBB, and general obligation bonds at AA-minus.

    By Keeley Webster
    October 9
  • SANDAG Chairwoman Nora Vargas
    Toll revenue bonds
    Inquiry reveals SANDAG management knew about toll road woes

    The results of two investigations into overcharging on San Diego's SR 125 toll road revealed management knew about the issues long before they came to light.

    By Keeley Webster
    October 8
  • Scott Wu
    California
    California revolving loan helps Santa Cruz improve sewers

    Santa Cruz, on California's coast, was particularly hard hit by flooding in 2023. In addition to the the I-Bank loan, the city secured a federal loan.

    By Keeley Webster
    October 4
  • Jonathan Blais, a Bureau of Alcohol Tobacco, Firearms and Explosives special agent
    Trends in the Regions
    Hawaiian Electric munis restore many losses after wildfire settlement deal

    Fears of a Hawaiian Electric bankruptcy abated after a settlement was announced that would cap the utility's liability for the Maui wildfire under $2 billion.

    By Keeley Webster
    October 4
  • California Assemblymember David Alvarez, D-San Diego
    Trends in the Regions
    California lawmaker offers municipal bond solution to insurance crisis

    A bill would allow the California Infrastructure and Economic Development Bank to issue debt for California's FAIR Plan, its property insurer of last resort.

    By Keeley Webster
    August 30
  • The California Supreme Court
    Pension obligation bond
    California high court delays decision on POB case review request

    Litigants in a case challenging San Jose's validation of proposed pension bonds will have to wait another month to hear if the high court will review an appeals court ruling.

    By Keeley Webster
    August 5
  • Laura Dougherty, staff attorney for the Howard Jarvis Taxpayers Association
    Trends in the Regions
    Two cities fight for pension bond validation despite market conditions

    Lawsuits targeting validation lawsuits for pension obligation bonds in California generally stop issuers from considering issuance, but two cities have fought and, so far, won.

    By Keeley Webster
    August 2
  • Some city leaders balked at California Gov. Gavin Newsom's push to clear homeless encampments like this one in Oakland
    Housing
    Online event to help cities tap bond funding to house homeless

    California Gov. Gavin Newsom fast-tracked the first $3.3 billion of a bond measure approved by voters in March.

    By Keeley Webster
    July 31
  • “This new funding would enable us to address multi-billion-dollar infrastructure needs and propel our city into the future," said San Diego Mayor Todd Gloria.
    Election 2024
    Proposed San Diego sales tax bump seen as structural deficit, project backlog fix

    Revenue from the sales tax could be used to issue long-term debt to reduce the extensive backlog of city projects.

    By Keeley Webster
    July 24
  • Mark Baldassare, survey director at the Public Policy Institute of California.
    ESG
    Californians tell pollsters climate is key to bond, presidential votes

    A majority of likely California voters favor a $10 billion bond for climate resiliency projects, according to a Public Policy Institute of California poll.

    By Keeley Webster
    July 19
  • Emily Raimes of Moody's Ratings
    Ratings
    Two private California universities downgraded amid sector challenges

    Two universities at opposite ends of the state received Moody's downgrades this week.

    By Keeley Webster
    June 28
  • A homeless encampment that was later cleaned up.
    ESG
    Los Angeles social bonds score AAA rating ahead of competitive sale

    The City of Angels is the latest in recent days to score a ratings upgrade as Fitch reviews its local government ratings using amended criteria.

    By Keeley Webster
    June 17
  • A rendering of the under-construction Harbor UCLA clinic building in Los Angeles
    Trends in the Regions
    Criteria shift lands Los Angeles County a second triple-A rating

    The one-notch upgrade from Fitch Ratings comes as the county plans to to sell up to $900 million in two lease revenue bond deals this summer.

    By Keeley Webster
    June 14
  • A New York Subway train in a station
    Ratings
    Mass transit gets better Moody's outlook as it adapts to a new normal

    Moody's Ratings analysts revised the outlook to stable from negative on the expectation that states and locals will fill an $8 billion operations funding gap.

    By Keeley Webster
    June 5
  • California State Sen. Scott Wiener, D-San Francisco
    California
    Tax measure for ailing Bay Area transit system advances, with caveat

    California senators approved a tax measure to raise $1.5 billion after the bill's author promised further tweaks to occur on the Assembly side.

    By Keeley Webster
    May 28
  • Sen. Ron Wyden seeks solution to rural hospitals' financial woes.
    Politics and policy
    U.S. Senate committee grapples with challenges facing rural hospitals

    The number of rural hospitals in the red jumped by 7% in 2023. A Senate Finance Committee discussed aid to help them stay afloat.

    By Keeley Webster
    May 17
  • State budgets
    California budget revisions bring program cuts, no layoffs and no new taxes

    California Gov. Gavin Newsom's May budget revisions brought 260 program cuts, but he will not raise taxes or layoff or furlough employees to close the deficit. His plan would cut 10,000 vacant positions.

    By Keeley Webster
    May 13
  • Hawaii Gov. Josh Green failed to convince lawmakers to continue working on SB 2922.
    Disaster recovery
    Hawaii governor fails to resuscitate HECO bond bill

    Hawaii Gov. Josh Green's last-minute attempt to resuscitate a bill that would have allowed Hawaii Electric Co. to issue debt, backed by a rate increase, failed.

    By Keeley Webster
    May 3
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