City of Los Angeles, CA

With incumbent Eric Garcetti awaiting confirmation to an ambassadorship, would-be successors are lining up for a two-round election in June and November 2022.

The city council's budget and finance committee approved the increase and now the matter is headed to the full council.

City department heads are being asked to identify projects that would be eligible for federal funding.

ReThinkNYC, battling entrenched transit and real-estate interests in its call for a unified network, cites economic development gains and capital savings.

Ridership displacement, remote work and online shopping amplify pre-pandemic challenges such as large capital plans.

A volatile U.S. Treasury market and month-end positioning are pressuring municipal yield curves.

The short end of the yield curve faced pressure from a cheaper UST five-year. As the flattening trend in UST takes hold, demand for duration will also spill over into the tax-exempt space, with long-dated munis continuing to outperform, analysts say.

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

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

American Relief Plan funds may also spare the city's reserves, but officials are waiting on the fine print from Washington to see what they can actually do.

The American Rescue Plan provides $1.6 billion in transit dollars to a region stretching from Los Angeles to Anaheim.

Flexibility in federal funding programs that would allow cities to target what they consider their highest priorities is key.

The city, struggling amid a pandemic-induced deficit, received a negative outlook from Kroll Bond Rating Agency ahead of the deal.

Police agreed to defer raises in exchange for $70 million in overtime for three years and no layoffs.

Five of the law firm's nine new partners are attorneys of color or women.

She is credited with training a next generation of public finance leaders in Los Angeles and around Southern California.

The pandemic caused the worst economic downturn Los Angeles has ever faced, according to Mayor Eric Garcetti and City Council President Nury Martinez.

The negative outlooks tie to the possibility of more constrained financial resilience in the future, according to Fitch Ratings analysts.

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

The $6.8 million, three-year agreement with IBM includes hardware, software and services to design, install, operate and maintain a cyber center that will connect all the port's users to the system.