California

Deputy General Manager Dan Denham was named acting general manager until the board of directors finds a permanent replacement.

San Diego city leaders are in the early days of assembling a P3 that could transform six city blocks with fresh space for city workers and affordable housing.

California Gov. Gavin Newsom and lawmakers struck a budget agreement just days before the start of the fiscal year.

Moody's boosted CalHFA's rating to Aa2, following a similar move by S&P in December.

The upgrades brought the Orange County Transportation Authority managed lanes toll credit to double-A levels across the board.

Palomar Health had its outlook revised to negative by Moody's, affecting $672.5 million in outstanding debt.

The Illinois case is part of several state-level lawsuits brought by Minnesota-based municipal advisor Johan Rosenberg, accusing banks of conspiring to set the interest rates of state-issued VRDOs artificially high.

The controversial idea has taken on more urgency as transit agencies nationally struggle with low ridership.

Weekday ridership on the farebox-dependent regional transit system is below 40% of pre-pandemic levels. Some lawmakers are pushing a state transit rescue package.

Muni Pride has been rebranded from California Muni Pride to reflect its developing national focus.