California

The county agreed to pay an additional $828 million to victims of childhood sexual abuse who sued under a 2019 state law that raised the statute of limitations for such cases.

The bill was a response to a charter school fraud that took the state for $400 million, but Gov. Gavin Newsom said the proposed reforms were too expensive.

The financing challenges facing both Brightline projects have translated into falling bond prices.

California Gov. Gavin Newsom signed legislation that will place a regional sales tax measure on the November 2026 ballot to aid struggling transit agencies.

The Howard Jarvis Taxpayers Association appealed to California's high court in a case challenging San Jose's plans to issue pension obligation bonds.

A state appeals court found that a simple majority approval by voters was sufficient on a 2020 hotel bed tax measure that reached the ballot via initiative.

Chicago, Los Angeles and Portland will face economic costs from the Trump administration's showy deployments of National Guard troops and immigration agents.

Stanford University increased a commercial paper program by $500 million to $1 billion, marking the latest institution in U.S. higher education to do.

Fitch revised its outlook on the AAA-rated southern California to negative. The city is grappling with child sexual abuse claims from hundreds of people against one former employee.

If approved, the $6 billion federal RRIF loan would be "quite positive at this juncture," an investor said.

The county will tap reserves and eliminate vacant positions to meet budget challenges driven by billions of dollars of child sexual abuse settlements.

Los Angeles County supervisors asked staff to draft restructuring alternatives for the county's Office of Emergency Management.

Sophisticated issuers and investors shared insights into how they navigate the complexities of the municipal bond market at The Bond Buyer Infrastructure event.

Andrew Nakahata officially takes the helm of the California Infrastructure and Economic Development Bank on Wednesday.

It affirmed the California city's Aaa issuer rating, but cited the drag on revenues from tepid tourism numbers and liabilities from child sexual abuse claims.

If Gov. Gavin Newsom signs the two bills, it would be credit positive for San Francisco area transit, Moody's Ratings analysts said.

A bill to provide state credit support for housing finance and another to create an infrastructure bank were placed in the legislature's suspense file.

Troy Pitman has been hired by Wilmington Trust to further western expansion in the public finance segment of its corporate trust business.

The city faces hundreds of child sex abuse claims stemming from a former after-school program volunteer. A recent state law opened the window for old claims.

Andrew Nakahata will replace Scott Wu as executive director and CEO less than a year after joining the organization.