California

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.

The California treasurer also suggests adding flexibility to federal rail grants ,which are typically reserved for government projects, to include jointly undertaken public-private partnerships.

The measure would fund deferred maintenance projects at K-12 schools and state universities. It heads to the Assembly and would ultimately be decided by voters.

Kestrel Verifiers has certified as green a tranche of bonds that will finance the ethanol plant in California's economically challenged Imperial Valley.

Even with a 23.3% year-over-year drop in May, with five months now officially in the books, long-term muni volume stands at $169.45 billion, ahead of the $157.96 billion issued in 2020.

It could take the nation, heavily influenced by New York and California, 18 months to return to full employment, Fitch Ratings said.

California Gov. Gavin Newsom and President Biden outlined separate plans Monday to increase spending to prepare for natural disasters.

Low interest rates, looming CalPERS amortization changes and pandemic-related budget hits were cited as factors in the record year for California POB deals.

The bulk of $743 billion in improvements needed to alleviate climate risk and aging infrastructure would be borne by the utilities, a rating agency says.

The state's surplus is overstated and agencies can't handle the mountain of cash proposed in the May budget revision, state analysts say.

Gavin Newsom wants to expand Medi-Cal to undocumented seniors, provide broadband to all and create a new grade for four-year-olds.

In California, where state revenues are pouring in well ahead of projections even before American Rescue Plan funds arrive, lawmakers have spending plans.

The mammoth California hospital chain reached a preliminary $575 million settlement agreement in March in an antitrust lawsuit.