California

S&P believes the state has sufficient liquidity and reserves to weather the shortfall, but analysts are not seeing the structural steadiness it had that led to the positive outlook, said lead California analyst Oscar Padilla.

The deal includes $300 million of new money to embark on a $1.4 billion five-year capital plan.

The top five bond financings have an average dollar volume of more than $1 billion.

More than one out of every 100 residents who pay income taxes left the Empire State during the pandemic in 2020, according to report released by state Comptroller Thomas DiNapoli. And, while slowing, the trend hasn't stopped.

Michael Milken's attorney Richard Sandler penned a book blasting his friend's prosecution. High-yield muni experts weigh in on whether Milken's influence extended to the muni market.

Republicans have repeatedly criticized the California high-speed rail project as a waste of taxpayer money.

Los Angeles Mayor Karen Bass is celebrating her first year in office with infrastructure, business and ESG project announcements.

Both debaters made salient points in defense of their positions, although at times they spoke over the other.

The Equity in Infrastructure Project, created to generate opportunities for historically underserved businesses, hit 56 pledges at a California event.

The Bay Area Rapid Transit was highlighted in the report on agencies still struggling.

A group of former California Democratic lawmakers oppose efforts by current Democratic lawmakers to block a voter tax initiative from the ballot.

A fire underneath an elevated section of Interstate 10 closed a key piece of infrastructure in Los Angeles, California.

The top five bond financings have an average dollar volume of more than $1 billion.

California and Washington sold four large refunding GO deals in the competitive market while several deals of size priced in the negotiated market led by a $650 million for Arizona's Salt River Project. A constructive secondary led yields to fall three to five basis points.

October's total volume rose 29.3% to $37.156 billion in 661 issues from $28.738 billion in 614 issues a year earlier. New-money grew more than 30% while refundings were up by nearly 75%.

Bond Buyer Senior Reporter Keeley Webster shares an interview with California Treasurer Fiona Ma on her run for lieutenant governor as a prelude to a fireside chat Wells Fargo Director Julia Kim conducted with the state treasurer at The Bond Buyer's California Public Finance conference.

Fitch Ratings did a deep dive on the nation's major airport capital programs, as projects have begun, and how they plan to fund them.

Leaders of the African-Americans in Public Finance and Latinos in Public Finance hope to mirror the success of the Asian affinity group, the largest such assemblage.

At least two schools are facing the legal costs of terminating the transactions as well as pursuing alternative financing for almost $500 million in construction projects.

Pessimism reigned during the state of the union panel at The Bond Buyer's California Public Finance conference in San Francisco.