California

The upgrades brought the Orange County Transportation Authority managed lanes toll credit to double-A levels across the board.

Palomar Health had its outlook revised to negative by Moody's, affecting $672.5 million in outstanding debt.

The Illinois case is part of several state-level lawsuits brought by Minnesota-based municipal advisor Johan Rosenberg, accusing banks of conspiring to set the interest rates of state-issued VRDOs artificially high.

The controversial idea has taken on more urgency as transit agencies nationally struggle with low ridership.

Weekday ridership on the farebox-dependent regional transit system is below 40% of pre-pandemic levels. Some lawmakers are pushing a state transit rescue package.

Muni Pride has been rebranded from California Muni Pride to reflect its developing national focus.

In the past few weeks, the A's agreed with Bally's on a site and reached a tentative agreement with Nevada lawmakers for a $380 million public handout.

As a growing number of states have adopted anti-LGBTQ+ laws, California's ban on travel to those states has created difficulties for the state.

California senators approved a school bond measure that supporters say could help reduce the state's $117 billion in school construction needs.

Municipal Market Analytics questioned Moody's swift revision of California's outlook to negative after Gov. Newsom's May budget revisions posted.