Far West

The Aloha State received three rating affirmations as it prepares to sell $750 million of taxable general obligation bonds.

Voters approved at least 168 local school bond measures for $42.8 billion, according to preliminary tallies, but dozens of bond requests will fall short.

It is the largest measure bond measure the nation's second-biggest school district has ever put before its voters.

Pressure on the state budget level is being felt by both the University of California and California State University systems.

The correction to the municipal market has improved muni to UST ratios while uncertainty hangs over ahead of the election. J.P. Morgan's Peter DeGroot said the firm expects the end of next week "will mark the end of the difficult technical period in 2024 and believe that net supply in November will lead to better valuations broadly in the municipal market."

Several macro trends have converged to drive growth in municipal bond issuance, said participants at The Bond Buyer's California Public Finance conference.

Build America Mutual insured the majority of the maturities in the West Contra Costa Unified School District GO deal.

San Francisco's slow recovery from the pandemic and continued financial pressures drove the downgrade, Moody's analysts said.

State Treasurer Fiona Ma appointed Christina Sarron as executive director of the California Alternative Energy and Advanced Transportation Financing Authority.

Christopher Roberts joins the firm as a managing director, Joey Dierker as an associate director, Soledad Mancias as a municipal underwriter, and Steve Basset as a director.