Far West

The unpredictable nature of wildfires increases long-term risks in western states where they are the new normal, S&P ratings analysts wrote.

The finance team expects the mixed taxable and tax-exempt deal will attract ESG-minded investors.

With incumbent Eric Garcetti awaiting confirmation to an ambassadorship, would-be successors are lining up for a two-round election in June and November 2022.

With a lot of cash still needing to be put to work, the Investment Company Institute showed another large week of inflows at $1.814 billion.

The city council's budget and finance committee approved the increase and now the matter is headed to the full council.

City department heads are being asked to identify projects that would be eligible for federal funding.

Month-to-date returns for municipals are in the red with the Bloomberg Fixed Income Indices municipal index returning -0.12%, high-yield at -0.15% and taxables at -0.32%.

Gavin Newsom lauded the $15 billion approved by lawmakers for climate change, but transportation was left out in the cold.

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.