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The Los Angeles and San Diego school districts warned that extraordinary costs mean their budgets may not balance.March 26
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The Department of Finance told department heads it will be re-evaluating budget requests under a workload budget scenario.March 25
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New York MTA and 10 other transit systems have cited the crippling effects of ridership drops due to COVID-19.March 24
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The timing of a $1.5 billion deal California had planned to price Thursday is no longer firm amid massive dislocations in the markets.March 23
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The economists revised the quarterly forecast between regularly quarterly releases for the first time in 68 years.March 17
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Cities and states that rely on hotel taxes and tourism-related revenues will lose billions as events and attractions shutter to slow the spread of COVID-19.March 13
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Thomas Bruder, Lauren Trialonas and Jennifer Cosper were named principals in the firm’s Public & Infrastructure Finance practice.March 12
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The stock market plunge amid the COVID-19 pandemic increases the risk of a revenue shock for California and other states that depend on capital gains taxes.March 12
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Many businesses have implemented policies to limit non-essential travel, which is likely to have impacted the biennial presentation to municipal bond investors.March 10
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The municipal bond market will see a slew of supply price this week as issuers and investors buffeted by uncertainty, volatility and outright panic. California is selling $2.2 billion of GO bonds, which investors will seek out as a safe haven in these unstable times.March 9
