California Public Finance 2020

The election results will be the most important effect on the municipal market for the next six months, S&P Live Market Survey says.

California's progressive tax system preserved revenues amid the COVID-19 pandemic, Legislative Analyst Gabriel Petek told a Bond Buyer conference audience.

California may have turned a corner as it begins to recover from 2020's abundant challenges, say California Public Finance Conference panelists.

Record new issuance in 2020 in the face of dealing with shutdowns, diminishing tax revenues and political unrest shows how resilient the industry is.

Citing market turmoil from the pandemic, a California conduit issuer gave the Virgin Trains USA project a five-month extension to sell $3.25 billion of debt.

Besides navigating coronavirus market disruption, investors also find themselves dealing with the increasingly important and often inconsistent climate risk disclosure.

California legislators met the letter of the law in passing the budget by Monday's deadline, but the state is a long way from a final spending plan.

Social distancing has some issuer officials questioning how much government infrastructure they need.

Renewable energy — already supplanting coal on the basis of economics — could become the major power source 15 years earlier than expected, researchers said.

Lawmakers have until June 15 to adopt a budget. Democratic leaders in the legislature have not embraced Gov. Gavin Newsom's proposed cuts.

The University of California and California State University systems are better positioned than many higher education peers to face the impacts of COVID-19.

Oppenheimer will have its work cut out for it with the aim of being a major player in California's municipal banking business.

California may need to use interfund borrowing to get its budget into balance, Gavin Newsom said.

California lawmakers have tough decisions ahead as they work to balance the budget, Gavin Newsom said in introducing the "May Revise" budget.

The $3 trillion plan doesn't allow advance refundings or reinstate Build America Bonds

While their regions, sizes and funding streams vary, several mass transit systems underscored the dire need for additional federal funding.

More issuers are missing bond payments and deadlines for filing annual financials; the Roman Catholic Church of the Archdiocese of New Orleans filed for bankruptcy partially blaming COVID-19, affecting $41 million of bonds.

The Fed’s rates send a signal to the municipal market that it wants it to survive on its own.

Depending on recovery, state's deficit could soar to $126 billion.

The state government, which was looking at multibillion-dollar surpluses before the coronavirus struck, is now facing a $54.3 billion of red ink.