California

California's drought makes the argument that the San Diego County Water Authority's choice to build a P3 coastside desalination plant was correct.

The nearly 40% year-over-year decrease is a result of various factors including rising interest rates, other financing tools, such as forward delivery bonds, and simply that refundings are in less demand from issuers.

Moody's assigned its Baa1 rating to the California Institute of the Arts, which traces its lineage to Walt Disney, ahead of the university's $33 million debut in the public debt markets.

Paul Arevalo, who joins as a managing director in Pasadena, adds to the broker-dealer's California growth path since it entered the state a decade ago.

New money volume in the Far West was up 31.9% to $29.5 billion, while refunding volume rose a more modest 11%.

State lawmakers will have funds to work with as they has out details of the budget they enacted earlier this summer.

Fitch Ratings also maintained a negative outlook on BART.

State officials who support the high-speed project are tracking discussions around the “social infrastructure” package for anything rail-related they can tap.

In California, some cities are contemplating desalination and other ways of increasing water supply as the the state prepares for a third year of drought.

States can borrow from the federal government when needed to provide unemployment benefits, but it can create an unwieldy overhang.

Another replacement for exempt advance refundings, forward delivery bonds are attractive to issuers looking for savings and investors seeking incremental yield.

Nine mayors from across the country backed House Speaker Nancy Pelosi’s double-barreled strategy to move infrastructure legislation.

A speculative-grade deal to build on-campus housing at Santa Rosa Junior College is a first for a conduit issuer operating out of the State Treasurer's Office.

California's troubled high-speed rail project was not a priority in the bill the Senate passed Tuesday, amid $66 billion targeted for intercity rail.

The shutdown of a major California hydroelectric power facility underscores the severity of drought conditions in the state.

A project that dealt municipal bond investors one of the biggest high-yield defaults of the past decade is about to ask them for more cash

The city has issued a second set of bonds to fund 266 housing units that are the first of some 8,000 planned on adjoining islands in the San Francisco Bay.

July volume was $31.9 billion keeping the annual pace ahead of last year's record-breaking total. Issuance still lags demand by a large amount — $60 billion by many accounts for August alone — as redemptions coupon payments pile up.

The question looms as to what point heightened wildfire activity becomes a significant risk for municipal debt.

A double-digit return will trigger a reduction in the California Public Employees’ Retirement System's discount rate under a risk mitigation policy.