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City officials attribute the structural deficit to inflation-driven spending increases combined with revenues that have not kept pace.

Muni yields were cut up to five basis points Thursday, depending on the scale, after yields rose up to two basis points the day prior.

Market Intelligence analyst Jeff Lipton explains how California Mello-Roos land-secured bonds can add yield and diversification, and outlines the underwriting checklist investors should use to balance development risk against structural protections.

The spending plan includes revenue-raising measures involving the bond-issuing combined utility system that have sparked concerns by the city's controller.

Immediately after signing a $70 billion reconciliation bill into law, President Trump began pushing for a third reconciliation package.

The public power sector is reacting with concern about the ongoing efforts to reorganize the Federal Emergency Management Agency that's proposing shifting risk and disaster recovery costs onto local utilities.

Local governments will face "greater credit pressure" if voters largely eliminate property taxes on more than half of homes in the state, S&P analysts said.

California State Controller Malia Cohen released her monthly cash report and announced formation of a new economic advisory council this week.

Macon-Bibb County, Georgia, plans to issue $350 million of debt for new sports and entertainment arena anchored by a team called the Macon Mayhem.

Riverside Unified School District scrapped plans to develop a STEM center with the local University of California campus amid a critical state audit report.