California

The rating agency zeroed in on a handful of measures in a state where voters considered billions in bond measures.

Municipal bond mutual funds saw more losses on Wednesday with the Investment Company Institute reporting another week of multi-billion-dollar outflows, bringing year-to-date losses to $123.3 billion.

The San Benito Health Care District board declared a fiscal emergency, a first step to declaring Chapter 9 municipal bankruptcy under California law.

Patrick Henning and Juan Fernandez will assume top roles in Fiona Ma's administration, should she be re-elected Tuesday.

Incumbent Fiona Ma, facing Republican Jack Guerrero in her re-election bid, will change up top staff members if she wins as expected.

The rating agency lifted the outlook of the Los Angeles Unified School District, the nation's second largest, to positive.

Schaefer has left his mark on signature bond policies during his more than seven and a half years as California's deputy treasurer for public finance.

Total October volume was $24.951 billion in 510 deals versus $41.811 billion in 1,068 issues a year earlier, according to Refinitiv data.

The non-partisan Public Policy Institute of California released results of an election poll on Thursday.

California has been losing legacy companies, but boosters say it remains an incubator for new technology companies.

Outflows continued as investors pulled $3.876 billion from mutual funds in the week ending Oct. 19 after $4.532 billion of outflows the previous week, according to the Investment Company Institute.

Several California cities have waged a multi-year climate change battle against oil companies

The strength of the California economy suggests it deserves higher ratings, CreditSights said, but slowing revenues could mean the state's credit has peaked.

Decisions by three organizations to drop Moody's ratings underscore an industry-wide trend as the sector struggles with rising costs and narrowing margins.

Between them, the California State University trustees and University of California regents have sold more than $23 billion of bonds since 2017.

Outflows continued as investors pulled $4.532 billion from mutual funds in the week ending Oct. 12 after $5.172 billion of outflows the previous week, according to the Investment Company Institute.

California Gov. Gavin Newsom scheduled a special session for Dec. 5 to discuss implementing the tax on oil company profits amid high gas prices.

California is looking to pioneer the floating wind technology that's required in the deep waters where roughly two-thirds of the country's offshore wind potential exists.

California Gov. Gavin Newsom, Oregon Gov. Kate Brown, Washington Gov. Jay Inslee and British Columbia Premier John Horgan signed a statement of cooperation.

City leaders announced the availability of 30,000 Section 8 housing vouchers this week.