California

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.

California Gov. Gavin Newsom asked the legislature to triple the amount of direct stimulus checks to state residents in a $100 billion recovery plan.