California

A double-digit return will trigger a reduction in the California Public Employees’ Retirement System's discount rate under a risk mitigation policy.

The Fitch Ratings upgrade applies only to GO debt — the city's issuer default rating remains AA-plus. The GOs benefit from California’s 2016 statutory lien law.

S&P Global Ratings gave California an elevated risk in the environmental category on an ESG scorecard, partly because of wildfire risks.

The agreement sets milestones for the project, expected to halve border wait times, to be completed by 2024.

Brightline Holdings will wait until 2022 to try again to finance a passenger train to Las Vegas from Southern California with tax-exempt bonds.

Following the change, S&P now views all U.S. public finance sectors as stable with the exception of higher education.

The coalition wants the final budget signed by Gov. Gavin Newsom to include his broadband proposal, not the Legislature's.

Republicans warn about inflation while Democrats celebrate social program expansions.

Kroll analysts say federal aid helped the city avoid tapping deficit financing to pass a balanced budget.

The networking group created by a trio of San Francisco-based finance leaders just ahead of the pandemic is looking forward to in-person meetups.