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Keeley Webster

Senior reporter
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  • Retirement benefits
    OPEB liabilities surpass pensions, debt as issues for many governments

    Other post-employment liabilities are more material problems for one in ten state and local governments, according to Moody's Investors Service.

    By Keeley Webster
    August 27
  • Sacramento-city-view-bl-20210707
    State budgets
    California state tax revenues beat expectations for July

    State lawmakers will have funds to work with as they has out details of the budget they enacted earlier this summer.

    By Keeley Webster
    August 25
  • Ratings
    San Francisco Bay Area Rapid Transit takes a ratings hit

    Fitch Ratings also maintained a negative outlook on BART.

    By Keeley Webster
    August 23
  • California
    California high-speed rail authority hunts for federal infrastructure support

    State officials who support the high-speed project are tracking discussions around the “social infrastructure” package for anything rail-related they can tap.

    By Keeley Webster
    August 20
  • California
    As drought hammers the West, desalination among tactics in play

    In California, some cities are contemplating desalination and other ways of increasing water supply as the the state prepares for a third year of drought.

    By Keeley Webster
    August 19
  • California Gov. Gavin Newsom in front of a Mexican restaurant in San Francisco on June 3, 2021
    California
    California faces heavy burden from unemployment insurance debt

    States can borrow from the federal government when needed to provide unemployment benefits, but it can create an unwieldy overhang.

    By Keeley Webster
    August 18
  • Sacramento-city-view-bl-20210707
    Sacramento gets a Fitch Ratings upgrade

    Analysts cited steady improvements in the California capital city's reserves, revenue prospects and renewal of a voter-approved property tax.

    By Keeley Webster
    August 17
  • Infrastructure
    Big-city mayors join fray over infrastructure legislation

    Nine mayors from across the country backed House Speaker Nancy Pelosi’s double-barreled strategy to move infrastructure legislation.

    By Keeley Webster
    August 13
  • Sell side
    Community college housing deal driven by California crisis

    A speculative-grade deal to build on-campus housing at Santa Rosa Junior College is a first for a conduit issuer operating out of the State Treasurer's Office.

    By Keeley Webster
    August 12
  • Infrastructure
    High-speed rail funding sidetracked in bipartisan infrastructure bill

    California's troubled high-speed rail project was not a priority in the bill the Senate passed Tuesday, amid $66 billion targeted for intercity rail.

    By Keeley Webster
    August 10
  • Sell side
    Land-secured bonds mark progress for San Francisco island development

    The city has issued a second set of bonds to fund 266 housing units that are the first of some 8,000 planned on adjoining islands in the San Francisco Bay.

    By Keeley Webster
    August 5
  • Sell side
    Washington heads into competitive sale from a position of economic strength

    The rating agencies affirmed two AA-plus and one triple-A rating ahead of the deal.

    By Keeley Webster
    July 22
  • Bond ratings
    Nevada scores improved outlook from Moody's as tourism numbers climb

    Moody's revised the outlook on Nevada's GOs and COPs to stable from negative.

    By Keeley Webster
    July 20
  • Ratings
    Issuers tracked by Moody's posted no COVID-19 related defaults in 2020

    The two issuers that defaulted suffered from pre-existing conditions, according to Moody's analysts.

    By Keeley Webster
    July 13
  • State budgets
    Changes to Hawaii's budget heed Treasury guidance on relief funds

    Hawaii lawmakers made changes to the budget this week in response to a flurry of vetoes from Gov. David Ige.

    By Keeley Webster
    July 9
  • State budgets
    Hawaii governor vetoes use of federal rescue funds for bonds or reserves

    Hawaii lawmakers approved the budget before Treasury guidance banned the use of federal funds for debt payments or reserves.

    By Keeley Webster
    July 7
  • State budgets
    California lawmakers approve expansive placeholder budget

    Republicans warn about inflation while Democrats celebrate social program expansions.

    By Keeley Webster
    June 17
  • Primary bond market
    Sea-Tac airport operator lands an outlook boost ahead of $810M deal

    Recovering air passenger numbers were one factor Fitch Ratings cited in revising the Port of Seattle's outlook to stable from negative.

    By Keeley Webster
    June 10
  • California
    California legislative analysts urge lawmakers to slow spending plans

    The state's surplus is overstated and agencies can't handle the mountain of cash proposed in the May budget revision, state analysts say.

    By Keeley Webster
    May 18
  • California
    California has a $75.7 billion surplus, governor says

    California Gov. Gavin Newsom asked the legislature to triple the amount of direct stimulus checks to state residents in a $100 billion recovery plan.

    By Keeley Webster
    May 10
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