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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.
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.