Far West

Both S&P Global Ratings and Moody's Investors Service lifted their outlooks, citing a rebound from pandemic-driven budget pressures.

Fitch cited the state's stronger-than-anticipated rebound from the pandemic's lows in revising the outlook on its AA-plus rating from negative.

An S&P Global Ratings analyst says the foregone rental assistance funding isn't likely to be a credit issue for the state in the near term.

The pluses and minuses of breaking up the 70-year-old Santa Monica-Malibu Unified School District will be weighed during a public hearing Saturday.

With more than 9 million votes counted as of Wednesday morning, 63.9% voted "no" on the effort to recall Gavin Newsom and remove him from the governor's office.

Large new issues from California, New York utilities and airport deals were repriced to lower yields and remained the focus for the municipal market, again ignoring a swing by U.S. Treasuries.

Market participants welcomed the municipal-related provisions in the reconciliation bill but are hesitant to start making bets on its passage.

In both states, jobs have recovered past where they were prior to last March when the pandemic hit the U.S.

A larger new-issue calendar greets investors with a lot of cash on hand and strategists expect municipal yields to rise as the calendar builds.

$2.75 billion is available to build permanent housing for unhoused people, California Gov. Gavin Newsom said at a press conference.