California

Democratic leaders in the Assembly and Senate said they restored some of Gavin Newsom's proposed deficit-reducing cuts in their budget proposal.

Fifteen years after a $9.9 billion bond issue that was to finance a substantial portion of a new high-speed rail line across California, the proposal "has become one of the most troubled megaprojects in the nation," said Sen. Ted Cruz, R-Texas, and Rep. Sam Graves, R-Mo.

California senators approved a tax measure to raise $1.5 billion after the bill's author promised further tweaks to occur on the Assembly side.

The majority of the debt sold for the state's community choice aggregators came through CCCFA, a conduit issuer that ranked third among all issuers nationwide for volume issued in 2023.

Municipal analysts have been tracking the challenges faced by home insurers in California and other states plagued with extreme weather events as a harbinger of credit risk.

John Sheldon will fill the deputy treasurer position left vacant when Juan Fernandez retired.

High speed passenger rail line leveraging $3 billion in DOT grants

California Gov. Gavin Newsom's May budget revisions brought 260 program cuts, but he will not raise taxes or layoff or furlough employees to close the deficit. His plan would cut 10,000 vacant positions.

More funding went to oil and gas subsidies than into green energy projects in recent years, according to panelists at Milken Institute's Global Conference.

California lawmakers asked the high court to intervene on the measure headed for November's ballot.