California

Gavin Newsom's budget arrived in the same week BlackRock's CEO advised that climate change is reshaping the financial system.

The California Debt Limit Allocation Committee wants more information on the request for $600 million of private activity bond allocation.

Gov. Gavin Newsom sent the specialists to aid the commonwealth in rebuilding.

Gavin Newsom's proposed budget would support a $4.7 billion climate bond, create the state's own generic drug plan and add undocumented seniors to Medi-Cal.

Robert Berry was named to replace Mark Campbell as head of the California Debt and Investment Advisory Commission.

Huntington Beach approved a resolution to refinance up to $436 million of public employee pension debt with pension obligation bonds.

Martin Arrick, a managing director at S&P Ratings and its longtime not-for-profit healthcare group leader, will retire on Jan. 15.

The new law gives school districts more power to deny charter applications, a credit positive for school districts and existing charter schools, Moody's says.

California's I-Bank will be the conduit on the second set of bonds to finance construction of the Academy Museum of Motion Pictures.

The challenge this year will be biggest in the three states that were found by the Council of Development Finance Agencies to be closest to using their 2018 limits — California, New York and Massachusetts.

Residents in Riverside filed a lawsuit seeking to end the city’s practice of transferring water utility revenue.

Jay Goldstone was considered instrumental in San Diego’s re-entry to the bond markets following the city’s pensions scandal in the mid-aughts.

In response to the SEC's complaint, the former chief business officer of a California school district said he acted in good faith.

San Francisco Public Utilities Commission officials say more green bond investors bought into its most recent deal, which carries third-party certification.

Orange County Board of Supervisors Chair Lisa Bartlett will be the first Orange County leader of the California State Association of Counties in 70 years.

Moody's downgraded the 417-bed Claremont Properties project to Caa2.

The general obligation bonds are secured by property tax assessments that don't flow through a school district budget that is threatened with insolvency.

The agreement with wildfire victims will enable the bankrupt investor-owned utility to hit a deadline to participate in wildfire claim fund, its says.

The Foothill/Eastern Transportation Corridor Agency's $892 million deal is expected to yield $100 million in present value savings.

The state should allocate $4 billion, the majority of its 2020 private activity bond allocation, to affordable housing, said the California Housing Consortium.