California

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.

With enough signatures collected, according to the Secretary of State's tally, a recall election is likely.

Mayor Eric Garcetti wants to exponentially increase spending to reduce homelessness as reports emerge that previous efforts aren't keeping pace.

Municipal triple-A benchmarks held steady as the focus was on the primary in which large new issues repriced to lower yields while secondary trading was light.

Sub-1% 10-year municipals and low ratios may test investor appetite for the asset class but it is hard to ignore the strong fundamentals and substantial fund flows in the backdrop.

Forward delivery sales, a replacement for tax-exempt advance refundings, could grow in 2021.

Fire scorched two million acres across both states, but muni credits remained relatively unscathed.

High-yield inflows return to the tune of $821 million. The 10-year triple-A hovers just above 1%.

With 20 million vaccines administered and reduced infection rates, Gavin Newsom said it's time to begin looking at fully reopening the economy.

State court rulings have successfully challenged the need for more than a simple majority on voter-driven tax measures, most recently in San Francisco.

Gov. Gavin Newsom proposes securitizing future car registration fees to back bonds that speed construction of the electric vehicle charging stations.