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Lawsuits claiming the LADWP failed to keep a reservoir filled or maintain water equipment were cited in KBRA's downgrade of its water system's revenue bonds.
May 7
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Levy, a member of The Bond Buyer's Rising Stars Class of 2017, assumed the role of chair in late April.
May 6
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The spending plan for the fiscal year that begins July 1 was balanced through an ongoing reorganization of city government, according to Mayor John Whitmire.
May 6
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The specter and economic implications of tariffs coupled with still above-target inflation and a healthy labor market will sideline policymakers at this week's meeting, analysts said, but not everyone agrees when the next rate cut will be.
May 6
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The bondholders say the failure to pay them net revenues since the 2017 bankruptcy start gives rise to their administrative expense claim.
May 5
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With a funding agreement in the state budget, the Metropolitan Transportation Authority is gearing up to start capital repairs — and find $3 billion of savings.
May 5
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Lawmakers are putting the final touches on the budget, and Gov. Kathy Hochul said there is broad agreement. Federal cuts may yet scramble everything.
May 2
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The ratings agency changed its outlook on its BBB-minus rating to negative from stable Wednesday.
May 2
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Pew Charitable Trust outlined how governments can better prepare for natural disasters to alleviate budget pressures as these incidents have grown in frequency and severity.
May 2
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KBRA downgraded Los Angeles GO bonds to AA from AA-plus in the city's second downgrade within a week. The city's lease revenue bonds were also cut.
May 2
