California

Muni experts discussed how macroeconomic concerns and a volatile political environment are affecting the market as the market chalks up another record year of issuance.

Municipal bond insurance volume grew 17.7% year-over-year in the first three quarters of 2025, according to LSEG, outpacing the municipal market as a whole.

City Manager Oliver Chi unveiled a plan to invest $60 million to change the city's current trajectory.

The Los Angeles Department of Water and Power will sell $977.6 million of water revenue bonds as it grapples with the impacts of January's devastating wildfire.

California's largest health workers union sent ballot language to state Attorney General Rob Bonta in an effort to add a wealth tax proposal to the November 2026 ballot.

The northern California school district has been struggling for years and on several occasions abandoned plans to consolidate schools, which rating agencies say might have shored up finances.

California's recent tax revenues exceeded forecasts, but the state faces structural deficits that drive budgetary borrowing and have narrowed its reserves.

This will be Charvel's second stint as the city's CFO.

The county agreed to pay an additional $828 million to victims of childhood sexual abuse who sued under a 2019 state law that raised the statute of limitations for such cases.

The bill was a response to a charter school fraud that took the state for $400 million, but Gov. Gavin Newsom said the proposed reforms were too expensive.

The financing challenges facing both Brightline projects have translated into falling bond prices.

California Gov. Gavin Newsom signed legislation that will place a regional sales tax measure on the November 2026 ballot to aid struggling transit agencies.

The Howard Jarvis Taxpayers Association appealed to California's high court in a case challenging San Jose's plans to issue pension obligation bonds.

A state appeals court found that a simple majority approval by voters was sufficient on a 2020 hotel bed tax measure that reached the ballot via initiative.

Chicago, Los Angeles and Portland will face economic costs from the Trump administration's showy deployments of National Guard troops and immigration agents.

Stanford University increased a commercial paper program by $500 million to $1 billion, marking the latest institution in U.S. higher education to do.

Fitch revised its outlook on the AAA-rated southern California to negative. The city is grappling with child sexual abuse claims from hundreds of people against one former employee.

If approved, the $6 billion federal RRIF loan would be "quite positive at this juncture," an investor said.

The county will tap reserves and eliminate vacant positions to meet budget challenges driven by billions of dollars of child sexual abuse settlements.

Los Angeles County supervisors asked staff to draft restructuring alternatives for the county's Office of Emergency Management.