California

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.

The Port of Los Angeles launched a Cyber Resilience Center that protects not only port administration systems, but the shipping companies that berth there.

Schank, who will be a managing principal at the private consultancy, said he accomplished the goals he set when he moved to LA Metro seven years ago.

“To date, there haven’t been any rating actions taken as a result of the drought,” said Fitch's Audra Dickinson. “But it could pressure issuers acutely."

Supporters of a ballot measure for projects to increase California’s water supply put out a call for donations to help get the measure on the 2022 ballot.

California officials blame a new electronic records system for reporting delays that worsen every year, though other states don't have the same problem.

Gov. Gavin Newsom listed homelessness, wildfire prevention, climate change and continuing efforts to reduce pension liabilities as budget priorities.

Los Angeles City Controller Ron Galperin would be the first LGBTQ California state controller.

California has produced increasingly late audited financial documents since it fully launched FI$Cal, the state's massive financial technology system in 2019.

Emerging from the worst crisis since the 9/11 attacks, U.S. airports are continuing their record pace of construction.

Welch heads Squire Patton Boggs' California Public Finance practice.

Jennifer Poree, S&P Global Ratings national sector lead for water and power, and Mark Joffe, a senior analyst with the Reason Foundation, speak with regional editor Keeley Webster about California’s struggles to tackle its water infrastructure backlog. (25 minutes)

Arizona, Nevada and California agreed to bank more water in the rapidly shrinking Lake Mead as drought wreaks havoc on Colorado River water supplies.

The measure is a response to long-time criticism of ballot titles and summaries crafted by the California Attorney General's office.

The odds of non-housing projects receiving private activity bond funding in California are slimmer as state officials focus on its housing crisis.