California

May is when budget talks usually get serious in California, which has a budget highly dependent on income and capital gains taxes.

The deal to buy 200 million masks a month will help California's medical workers while pressuring its state budget.

Stay-at-home orders and school closures driven by COVID-19 have cut traffic in half or more on many toll roads and bridges.

Marshall Medical Center in Placerville was cut to BB-plus.

Only a skeleton service will remain for essential workers who need to leave home to do their jobs.

Stepan Haytayan was named senior counsel and Mauricio Salazar has joined as an associate.

The Los Angeles and San Diego school districts warned that extraordinary costs mean their budgets may not balance.

The Department of Finance told department heads it will be re-evaluating budget requests under a workload budget scenario.

New York MTA and 10 other transit systems have cited the crippling effects of ridership drops due to COVID-19.

The timing of a $1.5 billion deal California had planned to price Thursday is no longer firm amid massive dislocations in the markets.

The economists revised the quarterly forecast between regularly quarterly releases for the first time in 68 years.

Cities and states that rely on hotel taxes and tourism-related revenues will lose billions as events and attractions shutter to slow the spread of COVID-19.

Thomas Bruder, Lauren Trialonas and Jennifer Cosper were named principals in the firm’s Public & Infrastructure Finance practice.

The stock market plunge amid the COVID-19 pandemic increases the risk of a revenue shock for California and other states that depend on capital gains taxes.

Many businesses have implemented policies to limit non-essential travel, which is likely to have impacted the biennial presentation to municipal bond investors.

The municipal bond market will see a slew of supply price this week as issuers and investors buffeted by uncertainty, volatility and outright panic. California is selling $2.2 billion of GO bonds, which investors will seek out as a safe haven in these unstable times.

California election officials have until April 4 to provide final counts in the state's March 3 primary.

Eight Los Angeles agencies, with a combined $49 billion in debt, will give presentations on their projects, debt portfolios and expected new issuance.

Issuers in the Far West sold $85 billion of municipal bonds in 2019, a 23% increase from 2018.

Moody's upgraded the revenue bonds of the largely industrial city near Los Angeles to Baa2 ahead of a $158 million refunding.