California

More budget haggling is anticipated before Gov. Gavin Newsom signs the budget. The state's fiscal year begins on July 1.

Fitch Ratings revised the outlook on Sacramento City Unified School District's BBB-plus issuer default rating to stable from negative.

As summer beckons, it's time for a reporters' roundtable with some of the Bond Buyer's senior staff. Yvette Shields, Karen Pierog, Keeley Webster and Thomas Nocera talk with Chip Barnett about what's hot in their regions and what municipal bond market participants should expect to see in the months ahead. (25 minutes)

Mayor Eric Garcetti emphasized the city’s robust reserves and plans to issue housing bonds to aid efforts to alleviate homelessness.

Rating agencies like Gov. Gavin Newsom's focus on one-time spending, but warn that the Legislature could upset the applecart by creating ongoing programs.

The mammoth Sacramento-based health system experienced ratings downgrades in 2021 under the threat of multiple lawsuits, seismic costs and COVID-19 challenges.

Total May volume was $31.167 billion in 750 deals versus $35.358 billion in 1,295 issues a year earlier. In a continuing trend, new-money issuance was up 14.2% in May year-over-year.

The boutique consultancy firm, which focuses largely on transportation infrastructure, is growing "modestly" amid an uptick in federal funding.

The mayor has not been formally charged, but has been named in an investigation alleging corruption around the proposed sale of Angel Stadium.

Elected officials in Republican-dominated states say S&P Global Ratings, by introducing ESG analysis, is politicizing the ratings process or even possibly acting illegally.

The Port of Oakland cited supply disruptions in China for an April traffic decline, though Long Beach and Los Angeles posted gains.

The office of Rob Bonta filed its objection to the dismissal with a California appellate court in San Francisco May 19.

The sector is a target-rich environment due to the large amount of sensitive data that healthcare entities maintain for patient care and operations.

Coordinated national efforts to share firefighters and other resources could be stretched thin this year as drought hammers the West.

California has received the most, at $9.7 billion, followed by New York. Transportation is the top spending category nationally followed by climate, energy and environment.

The airport was heavily exposed to the now-defunct JetBlue airline, but Southwest has filled the gap.

Gov. Newsom doubled down on an $11.5 billion gas rebate plan opposed by fellow Democrats in his May budget revision.

Gov. Gavin Newsom's focus on voluntary water conservation has not brought much in the way of water conservation — consumption grew 19% year-over-year.

Referring to the $105 billion California high-speed rail plan, transportation Secretary Pete Buttigieg said the administration continues “to want that project, as we want any project, to succeed.”

China accounts for more than half of the port's two-way container trade.