California

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.

City department heads are being asked to identify projects that would be eligible for federal funding.

Gavin Newsom lauded the $15 billion approved by lawmakers for climate change, but transportation was left out in the cold.

An S&P Global Ratings analyst says the foregone rental assistance funding isn't likely to be a credit issue for the state in the near term.

The pluses and minuses of breaking up the 70-year-old Santa Monica-Malibu Unified School District will be weighed during a public hearing Saturday.

With more than 9 million votes counted as of Wednesday morning, 63.9% voted "no" on the effort to recall Gavin Newsom and remove him from the governor's office.

Large new issues from California, New York utilities and airport deals were repriced to lower yields and remained the focus for the municipal market, again ignoring a swing by U.S. Treasuries.

Market participants welcomed the municipal-related provisions in the reconciliation bill but are hesitant to start making bets on its passage.

A larger new-issue calendar greets investors with a lot of cash on hand and strategists expect municipal yields to rise as the calendar builds.