California

Virgin Trains USA hopes to sell tax-exempt bonds from its $600 million California allocation this summer.

May is when budget talks usually get serious in California, which has a budget highly dependent on income and capital gains taxes.

The deal to buy 200 million masks a month will help California's medical workers while pressuring its state budget.

Stay-at-home orders and school closures driven by COVID-19 have cut traffic in half or more on many toll roads and bridges.

Marshall Medical Center in Placerville was cut to BB-plus.

Only a skeleton service will remain for essential workers who need to leave home to do their jobs.

Stepan Haytayan was named senior counsel and Mauricio Salazar has joined as an associate.

The Los Angeles and San Diego school districts warned that extraordinary costs mean their budgets may not balance.

The Department of Finance told department heads it will be re-evaluating budget requests under a workload budget scenario.

New York MTA and 10 other transit systems have cited the crippling effects of ridership drops due to COVID-19.