California

A planned 4,500-bed dorm at the University of California Santa Barbara comes as the neighboring city threatens to sue over a lack of on-campus housing.

The long end of the municipal curve rallied under a backdrop of stronger-than-expected October jobs data and upward revesions to the prior two months ahead of the arrival of $9.6 billion next week.

A first-time home buyer program would be fueled by a huge bond component, if Sen. Robert Hertzberg gets lawmakers to put it on the ballot and voters approve it.

California faces a $117 billion highway repair backlog and the highest gas tax in the country. The question is whether the fuel-tax funded SB 1 is doing enough.

The public power procurers face cost challenges that drove one into bankruptcy, even as more established aggregators begin issuing bonds.

Gavin Newsom unveils his annual budget proposal in mid-January.

Fitch Ratings changed the outlook on the city's bonds to stable from negative ahead of the deal.

The $1 trillion spending bill could boost GDP by 0.2% by 2031.

Profits were up in New York City's securities industry, according to the state comptroller's annual report, even as job losses accelerated.

Lawmakers asked Treasurer Fiona Ma to work with the state's housing agencies to craft a first-time homebuyers' program unique to California's housing crisis.

A California Public Finance conference panel asked what the municipal bond industry can do better for women and minorities.

The knock-on effects of COVID-19 are omnipresent, issuers said at the Bond Buyer's virtual California Public Finance Conference. For some government officials, certain changes to how business gets done have been positive.

Public finance bankers predicted that 2022 could be another strong one for muni bond issuance at the Bond Buyer's California Public Finance conference.

The Los Angeles Department of Water and Power will share some State Water Project supplies with smaller water agencies in Southern California.

The free, on-demand online program was created through the California Debt and Investment Advisory Commission.

The bill would have required cities, counties and the California Highway Patrol to post the amounts paid, broken down by individual settlement and judgment.

The unpredictable nature of wildfires increases long-term risks in western states where they are the new normal, S&P ratings analysts wrote.

The finance team expects the mixed taxable and tax-exempt deal will attract ESG-minded investors.

With incumbent Eric Garcetti awaiting confirmation to an ambassadorship, would-be successors are lining up for a two-round election in June and November 2022.

The city council's budget and finance committee approved the increase and now the matter is headed to the full council.