California

Los Angeles' debt manager says the mandate will not change the already inclusive processes it uses to hire financial teams to work on the city's debt.

Cervantes, who joined the board as a member earlier this year, retired from Stifel in October 2020.

Raul Amezcua, who once led Stifel's California and Arizona banking teams, hired several key bankers at Ramirez & Co. since joining the firm early last year.

The state is heavily dependent on personal income taxes, which have dropped the most.

Kosmont firm has rebranded and brought on two L.A.-area heavy hitters in public finance.

New-money volume was off in the Golden State and across the Far West, but refunding volume was down even more.

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.