California

The continued escalation of COVID-19 cases in California and the resulting economic volatility took precedence as Gavin Newsom unveiled his fiscal 2021 budget.

Federal CARES Act grants and loans, and bond market access, have helped mitigate the financial damage to hospitals caused by the pandemic.

The spending plan the governor will release Friday will include a $4.5 billion economic recovery package in the wake of the coronavirus pandemic.

LACMA, one of Los Angeles' most prominent museums, will refund debt and move forward on construction of a building for its permanent collection.

Bel Air Investment Advisors is Hightower's 14th and largest acquisition in a year, with $8 billion of assets under management including $2.8 billion of municipals.

In a year in which 16 states lost population, Texas' growth is expected to stand out in the belated 2020 Census.

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Taxable munis have posted the highest returns among all fixed-income indexes this year, BofA said.

The commuter rail that runs between San Jose and San Francisco benefitted from a criteria revision on not-for-profit transportation infrastructure.

The state Supreme Court declined to hear the case, ending a fiscal and legal dispute with the basketball team that left for San Francisco last year.

Nelson, a 30-year veteran of the financial services industry, joins Hilltop's Encino, California, office.

The twin ports of Southern California, in Long Beach and Los Angeles, both reported record numbers this fall.

The new orders announced by Gov. Gavin Newsom will be triggered on a regional basis if hospital intensive care unit capacity falls below 15%.

West Covina faces shrinking reserves and growing liabilities. Its mayor responds that it is working on solutions, but the pandemic challenges its efforts.

As state and local governments work to apply the California Supreme Court’s rulings, they are also bracing for the next wave of litigation.

Fitch Ratings cited concerns about LADWP's debt leverage in setting a negative outlook.

A voter-approved $5.5 billion bond measure gives the California Institute for Regenerative Medicine a new lease on life.

The latest revenue and spending report by the state’s nonpartisan Legislative Analyst’s Office is in stark contrast to the doom predicted early this year.

The state's uncoordinated approach to allocating private activity bonds and funding affordable housing let $2.7 billion of authority go to waste, she said.

California voters have approved a second infusion of bond funding for stem cell research.