California

The Sites Reservoir received two doses of good news on its financing last week — a federal loan and an increased allocation from a 2014 statewide bond.

The state's workaround to the cap on state and local tax deductions in the 2017 federal tax law might be artificially elevating the figures.

The enrollment controversy hasn't affected the nine-campus University of California system's bond ratings.

The American Rescue Plan Act helped cities avoid insolvency after the pandemic struck, some mayors said.

California's housing crisis and rising gas prices and inflation are hot-button issues as Gov. Gavin Newsom's May budget revision draws near.

The Investment Company Institute on Wednesday reported another round of large outflows, this week at $3.502 billion, up from $2.647 billion of outflows in the previous week.

Russia’s invasion upends a return to normal as the economic impact of COVID-19 wanes, UCLA Anderson Forecast economists said.

Secondary trading showed weaker prints, moving triple-A yields higher by three to seven basis points, outperforming larger losses in UST. California priced $2.2 billion of GOs for retail.

The lawsuits challenge the procedures the NFL used to move the San Diego Chargers to Los Angeles.

As municipals continue to underperform the moves in U.S. Treasuries, current ratios are attractive and present a buying opportunity.

Market volatility has risen significantly, particularly in the last several weeks, with daily Treasury yield swings of 10 basis points or more becoming the norm with municipals struggling to stabilize.

The city's current trajectory could drive per-unit costs to $1 million, according to the audit by City Controller Ron Galperin.

Issuers in California sold more than $86 billion of municipal bonds in 2021.

The climate change pilot program fund has attracted more than 40 interested parties seeking $47 million of funding.

A new report from Merritt Research Services looks at potential post-pandemic problems for big cities that rely on taxes from commercial real estate.

Issuance of ESG bonds is projected to grow 23% this year, while the entire market only expands by 2%, S&P Global Ratings analysts said.

Fitch affirmed its BB-minus rating of the Del Mar Race Track Authority. The rating dropped below investment grade after the March 2020 stay-at-home orders.

The previously unrated Santa Cruz Metropolitan Transit District will be the first transit agency to price debt to cover pension liabilities when it hits the market Wednesday.

The school board, caught between budget pressure and angry parents, could vote Tuesday to close or merge 16 schools in the California school district amid waning enrollment.

After a signature drive failed to put a water funding measure on the statewide ballot, a state Assembly member is trying to get his fellow lawmakers to do so.