Far West

Craig Brothers, partner, portfolio manager and co-head of fixed income strategy for Bel Air Investments, joins Bond Buyer senior reporter Keeley Webster and discusses why his firm, primarily invested in California debt, has veered away from California GOs and public works revenue bonds in favor of agency, school district and local government debt.

The state received $250 million in federal funding to expand a Salton Sea restoration project in Imperial County, near the Mexican border.

In Jim McIntire's two terms as state treasurer, he sought to broaden the retail reach of state bond sales and advocated a lower state debt limit.

The Equitable School Revolving Fund will have 90 loans outstanding to charter schools across 23 states.

Fitch revised upward its outlook for Marin General Hospital and affirmed its revenue bonds at BBB, and general obligation bonds at AA-minus.

Santa Cruz, on California's coast, was particularly hard hit by flooding in 2023. In addition to the the I-Bank loan, the city secured a federal loan.

Fears of a Hawaiian Electric bankruptcy abated after a settlement was announced that would cap the utility's liability for the Maui wildfire under $2 billion.

The California State School Board Association has sued over an education funding work-around included as a trailer bill in the budget.

September volume came in over $44 billion leading volume year-to-date to hit more than $380 billion, just shy of 2023's full-year total issuance.

California hospitals will be forced to close if they don't complete earthquake safety upgrades by 2030. Gov. Gavin Newsom vetoed a bill to extend the deadline.