California

Kroll analysts say federal aid helped the city avoid tapping deficit financing to pass a balanced budget.

The networking group created by a trio of San Francisco-based finance leaders just ahead of the pandemic is looking forward to in-person meetups.

The California treasurer also suggests adding flexibility to federal rail grants ,which are typically reserved for government projects, to include jointly undertaken public-private partnerships.

The measure would fund deferred maintenance projects at K-12 schools and state universities. It heads to the Assembly and would ultimately be decided by voters.

Kestrel Verifiers has certified as green a tranche of bonds that will finance the ethanol plant in California's economically challenged Imperial Valley.

Even with a 23.3% year-over-year drop in May, with five months now officially in the books, long-term muni volume stands at $169.45 billion, ahead of the $157.96 billion issued in 2020.

It could take the nation, heavily influenced by New York and California, 18 months to return to full employment, Fitch Ratings said.

California Gov. Gavin Newsom and President Biden outlined separate plans Monday to increase spending to prepare for natural disasters.

Low interest rates, looming CalPERS amortization changes and pandemic-related budget hits were cited as factors in the record year for California POB deals.

The bulk of $743 billion in improvements needed to alleviate climate risk and aging infrastructure would be borne by the utilities, a rating agency says.

The state's surplus is overstated and agencies can't handle the mountain of cash proposed in the May budget revision, state analysts say.

Gavin Newsom wants to expand Medi-Cal to undocumented seniors, provide broadband to all and create a new grade for four-year-olds.

In California, where state revenues are pouring in well ahead of projections even before American Rescue Plan funds arrive, lawmakers have spending plans.

The mammoth California hospital chain reached a preliminary $575 million settlement agreement in March in an antitrust lawsuit.

California Gov. Gavin Newsom asked the legislature to triple the amount of direct stimulus checks to state residents in a $100 billion recovery plan.

Arizona and neighboring states are preparing for the first mandatory cuts in water from the Colorado River after 20 years of drought.

An increase to $30 billion from $15 billion on the PAB allotment overseen by the Department of Transportation was one suggestion a House panel heard Thursday.

The administration of Gov. Gavin Newsom and the state legislature have separate efforts that would result in increased climate risk disclosure.

Rates, ratios and credit spreads have munis entering May on solid footing, though some pressures due to tax season and rising U.S. Treasuries remain.

Stronger-than-expected state revenues and other borrowing options meant the California School Finance Authority's note program didn't use its full authorization.