Keeley Webster

California teachers cited the risk of exposure to COVID-19 and the challenges of remote teaching as reasons for retiring early.

The California School Finance Authority has received 148 applications from districts and charter schools seeking to borrow almost $1.4 billion.

The Los Angeles Unified School District superintendent points out that city officials have failed to bring the COVID-19 infection rate to a safe enough level.

San Francisco Mayor London Breed supported the lawsuit against San Francisco Unified School District saying students are falling behind while schools remain closed to in-person learning.

The city's newest budget forecast says revenues in the current fiscal year will fall short of projections by $86 million.

Police agreed to defer raises in exchange for $70 million in overtime for three years and no layoffs.

Michelle Getz was named a partner of the Equitable Facilities Fund.

The rating agency placed 637 of the roughly 3,400 school districts it rates on review for upgrade or downgrade, and upgraded 85.

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.

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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.

Ma says the group is committed to developing a more inclusive economy and society

The $6.8 million, three-year agreement with IBM includes hardware, software and services to design, install, operate and maintain a cyber center that will connect all the port's users to the system.