California

The Biden Administration has partnered with five cities and the State of California in efforts to reduce homelessness.

The negative rating outlook comes less than a week after Gov. Gavin Newsom announced a budget shortfall of $31.5 billion.

Amid rising construction costs and supply chain shortfalls, some California school bond projects are being redesigned, accelerated or delayed.

The investor-driven committee created guidelines to help small- and medium-sized issuers provide more uniform disclosure.

Attorneys general from 16 states filed an amicus brief supporting Oakland and San Francisco's climate change lawsuit against oil companies.

The governor outlined what he called a balanced budget, though the revenue shortfall has grown by $9.3 billion to $31.5 billion since January.

Lawmakers passed a stopgap $150 million loan fund for hospitals in fiscal distress, and will discuss longer-term solutions as the session progresses.

Providing enough housing for middle class and homeless people has topped legislative agendas in three West Coast states and Hawaii this session.

"We need to have the debt ceiling raised quickly with close to $30 trillion in debt at risk," said Steve Mnuchin, the former treasury secretary.

A draft environmental report released by a federal agency could threaten California and Arizona's water supply, if the states don't reach an agreement on their own to protect the Colorado River.

It's one of four state cases accusing Wall Street banks of a "robo-resetting" scheme that kept interest on variable-rate debt artificially high.

The state's record per-pupil spending counteracts concerns over enrollment declines.

Total volume for the month was $30.599 billion in 577 issues, down from $40.423 billion in 900 issues a year earlier. Total issuance year-to-date is at $107.626 billion, falling 25.2% from the same period of 2022.

A series of atmospheric rivers and cyclone bomb storms in California have resulted in billions in damage. Lawmakers look to bond measures to help prevent future problems.

The oil companies had petitioned the justices to have climate change lawsuits brought by state and local governments heard in federal courts instead of state courts.

The 3.7% shortfall for the first nine months of the fiscal year was driven largely by shortfalls in personal income tax receipts.

The $7 billion portfolio consists of highly rated, lower-coupon muni debt. It is unlikely to be a single auction and the firm is currently circulating the list on the Street to gauge interest.

The proposed budget would add 400 more police officers and spend $1.3 billion on programs to ease homelessness.

The amount of time governments took to produce audited financials has increased by double-digits during an 11-year period.

Attorney General Rob Bonta faces criticism for restrictions that caused the collapse of a proposed buyout of a troubled Central Valley hospital.