California

Fitch is bulking up its public finance group with the addition of six municipal bond analysts for its offices in San Francisco, New York and Austin.

The finance team on the Western Placer Waste Management Authority deal hopes to benefit from an improving market with increased inflows.

S&P revised the state's outlook to positive in September, which gives it a one-in-three chance of a ratings boost over the two-year outlook period.

Expected voter turnout for the midterm election will likely compel other cities to join Ontario, California, in placing tax and bond measures on November's ballot.

The agency overseeing what has been called the country's most expensive infrastructure project hopes to secure $8 billion in federal dollars and $4.2 billion of state borrowing for the first leg of the bullet train.

Total July volume was $25.598 billion in 520 deals versus $37.573 billion in 1,013 issues a year earlier, according to Refinitiv data.

Keely Martin Bosler steps away from California fiscal policy after two decades of analyzing and helping to craft the state’s budgets.

Most public pension funds are fragile not distressed, according to Equable.

The initiative would have raised income taxes on affluent Californians to benefit local health departments.

Most top 10 issuers for 1H are from New York and California, with four from New York and two from California.

State pension funds have lost much of the ground gained during the bull market of 2021.

Three school bond and local tax measures garnered a victory when the final results were tallied weeks after the election as mail-in votes slowed the count.

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.