California

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.

In the past few weeks, the A's agreed with Bally's on a site and reached a tentative agreement with Nevada lawmakers for a $380 million public handout.

As a growing number of states have adopted anti-LGBTQ+ laws, California's ban on travel to those states has created difficulties for the state.

California senators approved a school bond measure that supporters say could help reduce the state's $117 billion in school construction needs.

Municipal Market Analytics questioned Moody's swift revision of California's outlook to negative after Gov. Newsom's May budget revisions posted.

Arizona, Nevada and California announced an agreement on Colorado River water use reductions, possibly averting a more stringent federal solution.

Public sector employers are in a fierce competition with the private sector for workers and may be losing amid labor shortages and inflation.

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.