California

California municipal advisory stalwart Fieldman, Rolapp & Associates looks to grow regionally as it celebrates 60 years in business.

The authority is also seeking legislation that would allow it to issue revenue bonds backed by $1 billion in annual cap-and-invest revenue.

Mayor Karen Bass introduced a multi-year comprehensive plan, saying it is a first for a city that for too long had a fragmented approach to infrastructure.

Larry Rolapp helped grow Fieldman, Rolapp into a mainstay of California's municipal bond industry.

"We do good work," said Mike LaPierre, president of GPM Municipal Advisors, which acts as advisor and staff to the Public Finance Authority and the California Community Housing Agency.

"Really the only chance of high speed rail in the United States in the next decade is Brightline West," said Federal Railroad Administration head David Fink.

Fitch Ratings cited Sacramento City Unified School District's fiscal challenges in downgrading its issuer default rating to junk and assigning a negative outlook.

Veteran public finance banker Shawn Dralle has joined Los Angeles County as assistant-treasurer tax collector.

Jay Leno, longtime comedian, TV host and car enthusiast, promoted an upcoming municipal bond deal in a video for Hollywood Burbank Airport.

Researchers examined more than 580,000 municipal bond issues and say the data shows communities with higher wildfire risk pay higher interest rates.

Fitch revised the outlook to negative from stable, citing a significant jump in leverage.

The $14.6 billion budget calls for hiring police and Olympic-focused infrastructure spending after last year's spending plan proposed layoffs.

Two rating agencies dropped their Los Angeles Unified School District outlook to negative from stable.

Agreements with water districts in the county next door are part of changes to the business plan that include plans to pay off bond debt early.

Two Southern California school districts received upgrades from Moody's on Tuesday. Another district was affirmed.

Eichar said Stradling's strength in working on infrastructure projects with local agencies was an attraction.

The Los Angeles County Metropolitan Transportation Authority sold about $900 million to refund older bonds and finance projects, including a subway extension.

Realty Income, a real estate investment trust concentrated in low-risk retail and industrial real estate, was the funding recipient on the $675 million deal.

Wells Fargo's Julie Barger called the investors a "who's who of buyers in the muni market" including mutual funds, ETFs, SMAs and insurance companies.

The California Municipal Finance Authority will issue $742 million in tax-exempt debt for the San Francisco Municipal Transportation Agency's first P3.