California

Transportation Secretary Pete Buttigieg announced $1 billion in federal grants to 85 airports, including LAX.

Lawmakers approved the first $500 million for the program as a trailer bill to the fiscal 2023 budget. Bonds may be used to fill the gap.

Mary Colby, who retires from Charles Schwab Investment Management after 30 years in the muni industry, fought for more extensive disclosure for investors.

Bosler, who has held the position since 2018, had announced earlier in the year that she planned to leave after the budget process was completed.

Supporters says the income tax on the wealthy would raise $100 billion.

For the first half of 2022, total issuance sits at $201.556 billion, down 14.5% from $235.836 billion in 2021. Taxables are down 46.8% to $31.024 billion from $58.338 billion.

The state has led the way on environmental policies and spent billions on housing, but significant challenges mean its ESG scores aren't that great.

The federal lawsuit brought by Philadelphia, San Diego and Baltimore on behalf of thousands of issuers is similar to a series of closely watched state whistleblower cases that claim banks manipulated interest rates on variable-rate bonds.

The taxpayer refunds captured the most attention, but the final budget also includes a multi-year $47 billion infrastructure package.

The naming of the first Native American U.S. treasurer follows complaints about how pandemic relief funds were distributed among tribes.

The double-A rated Santa Clara Valley Transportation Authority has operated under a cloud for decades, according to Assemblymember Marc Berman.

The acquisition of Cancer Treatment Centers of America in February was cited for the downgrade along with City of Hope's financial weakness over the past two years.

Hosting a World Cup game brings a variety of economic benefits to cities and counties, from increased spending by fans and tourists from around the world to burnishing a region's reputation.

More big cuts will be needed to keep supplies from reaching perilously low levels, the Bureau of Reclamation's leader told a Senate committee this week.

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.