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Market Intelligence:
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Legal
Research
Market Data

Keeley Webster

Senior reporter
Connect with Keeley
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  • Alex Padilla, California secretary of state, speaks during a rally for Gavin Newsom, Democratic candidate for governor of California, not pictured, in Burbank, California, U.S., on Wednesday, May 30, 2018
    Property taxes
    California will vote on a major change to Proposition 13

    An initiative that would create a separate property tax assessment system for non-residential properties qualified for the 2020 ballot.

    By Keeley Webster
    October 16
  • Pedestrians walk past the California State Capitol building in Sacramento, California, U.S.
    State budgets
    California revenues beat budget forecast

    The state pulled in $28.7 billion in the first quarter of fiscal 2019, according to the State Controller's Office.

    By Keeley Webster
    October 16
  • Larry Kosmont, founder and chief executive of Kosmont Companies.
    Public-private partnership
    Kosmont grows by helping California cities navigate post-redevelopment world

    Larry Kosmont's advisory and real estate firm thrived after the state axed local redevelopment agencies.

    By Keeley Webster
    October 9
  • California State Auditor Elaine Howle
    Affordable housing bonds
    California is better at authorizing housing bonds than administering them

    State Auditor Elaine Howle said the state's housing department's oversight of bond expenditures is inconsistent.

    By Keeley Webster
    October 4
  • Katie Koster
    Workforce management
    Diverse workforce pays dividends

    Hiring a diverse workforce isn’t just the right thing to do, it’s good for business, according to panelists at the Bond Buyer’s Public Finance conference.

    By Keeley Webster
    October 3
  • Jean Yin
    Profile
    Jean Yin

    Capital Markets Finance Director, University of California

    By Keeley Webster
    October 2
  • Fidel Aguayo
    Profile
    Fidel Aguayo

    Assistant City Treasurer, City of Long Beach, Calif.

    By Keeley Webster
    October 2
  • Jerry Brown, governor of California, speaks during the Global Climate Action Summit in San Francisco, California, U.S., on Friday, Sept. 14, 2018.
    Lawsuits
    California challenged on using mortgage settlement to pay housing bonds

    State officials have lost two rounds in a lawsuit that says California improperly diverted money intended for homeowners to make payments on housing bonds.

    By Keeley Webster
    September 25
  • A sign in Albany, California, on August 16, 2018, highlights a road project financed by the state's Senate Bill 1 transportation and tax package.
    State tax revenues
    California gas tax measure raises concerns about revenue flexibility

    Voter initiatives can limit the state of California’s operating flexibility, Fitch Ratings analysts wrote.

    By Keeley Webster
    September 24
  • Los Angeles Mayor Eric Garcetti
    Tax laws
    California officials seek opportunities in Opportunity Zones

    California government officials are trying to figure out how best to use the Opportunity Zones created in the 2017 federal tax bill.

    By Keeley Webster
    September 20
  • Circular windows cover the exterior of the Ramon C. Cortines School of Visual and Performing Arts in Los Angeles on Nov. 12, 2008.
    Ratings
    Los Angeles school district's issuer rating takes a hit

    The Fitch Ratings action does not affect its AAA rating for LAUSD general obligation bonds, which are rated based on a dedicated tax analysis without regard to the district’s finances.

    By Keeley Webster
    September 13
  • p19iev5k9e1hp97sp1849ucf10crf.jpg
    Primary bond market
    Maui County, Hawaii, will bring competitive GO deal

    Rating agencies affirmed double-A-plus ratings ahead of the deal.

    By Keeley Webster
    September 12
  • Former Los Angeles Deputy Mayor Austin Beutner was named Los Angeles Unified School District's superintendent in May 2018.
    School bonds
    Los Angeles teacher contract fight may imperil district finances

    The teachers' union and Los Angeles Unified School District are in a spat about financial documents.

    By Keeley Webster
    September 12
  • California State Controller Betty Yee
    State budgets
    California revenues surpassed expectations in August

    State Controller Betty Yee said revenues came in $1.14 billion higher than anticipated.

    By Keeley Webster
    September 11
  • Patrick Soon-Shiong, founder and chief executive officer of NantHealth, during the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 27, 2015.
    Bankruptcy
    California hospital chain can't outrun its troubles, files for Chapter 11

    Verity Health System reported about $459 million of long-term bond debt and $254 million in pension obligations on its most recent CAFR.

    By Keeley Webster
    September 10
  • A design rendering, released April 10, 2018, showing how the Las Vegas Convention Center District Phase Two Expansion is expected to look on completion.
    Primary bond market
    Upgrade a boost ahead of Las Vegas convention deal

    Moody's boosted the revenue bond rating of the Las Vegas Convention and Visitors Authority to Aa3.

    By Keeley Webster
    September 4
  • North Las Vegas, Nevada
    Ratings
    Two-notch upgrade boosts North Las Vegas ahead of refunding

    Moody's Investors Service took the Nevada city up to Baa1.

    By Keeley Webster
    August 30
  • petek-gabriel-sandp-bl-03102010
    Primary bond market
    California will ride a multi-billion surplus into the market

    A huge surplus and strong state economy could drive demand for the upcoming $989 million offering.

    By Keeley Webster
    August 27
  • Keely Bosler was named to head the California Department of Finance in August 2018.
    Career moves
    New leader named for California Department of Finance

    Keely Bosler will take the helm at the department, replacing Michael Cohen.

    By Keeley Webster
    August 23
  • Vehicles burned by wildfires stand in Santa Rosa, California, U.S., on Thursday, Oct. 12, 2017.
    Natural disasters
    Damage wrought by West's wildfires doesn't extend to ratings

    S&P Global Ratings looked to 2017's California wildfires to understand the credit implications of this year's blazes.

    By Keeley Webster
    August 23
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