Keeley Webster

The negative outlook reflects the challenge of rebalancing the district’s budget in the face of pandemic-related reopening costs.

The pandemic caused the worst economic downturn Los Angeles has ever faced, according to Mayor Eric Garcetti and City Council President Nury Martinez.

The continued escalation of COVID-19 cases in California and the resulting economic volatility took precedence as Gavin Newsom unveiled his fiscal 2021 budget.

Federal CARES Act grants and loans, and bond market access, have helped mitigate the financial damage to hospitals caused by the pandemic.

The spending plan the governor will release Friday will include a $4.5 billion economic recovery package in the wake of the coronavirus pandemic.

The interactive guide will replace a PDF.

The negative outlooks tie to the possibility of more constrained financial resilience in the future, according to Fitch Ratings analysts.

The second bankruptcy of the Las Vegas Monorail was much smaller than the first, and bondholder Preston Hollow LLC is getting paid a full $22 million.

Nelson, a 30-year veteran of the financial services industry, joins Hilltop's Encino, California, office.

Hawaii's governor announced that state employees would be furloughed two days a month; the state sold $750 million of GO bonds in October to fund operations.