State of California

The new debt is a "bridge loan" until the company can raise fresh financing, a bondholder said.

Oakland touts financial turnaround with a $335 million bond sale ahead, despite negative credit outlooks.

Bonds have traded up since the company last week announced a tentative bondholder deal and project update and financing details.

Meridiam, ACS Infrastructure Development, Sacyr Infrastructure USA LLC and Plenary Americas are among the firms that have signaled interest in the project.

California's recent tax revenues exceeded forecasts, but the state faces structural deficits that drive budgetary borrowing and have narrowed its reserves.

Andrew Nakahata officially takes the helm of the California Infrastructure and Economic Development Bank on Wednesday.

A bill to provide state credit support for housing finance and another to create an infrastructure bank were placed in the legislature's suspense file.

An Emerson College poll showed Lt. Gov. Eleni Kounalakis in seventh place in the crowded governor's race as she made the announcement Friday.

The bill would create a not-for-profit corporation modeled after California's IBank, but with more flexibility to handle large-scale projects, backers say.

The county will likely tap reserves, issue judgment obligation bonds and make departmental cuts to cover the $4 billion settlement.

California's High Speed Rail Authority has until June 2026 to figure out how to close a $7 billion budget hole, said the LAO's principal fiscal and policy analyst at a budget hearing.

The governor aims to secure federal funding with latest executive order in aftermath of Los Angeles fires.

One California city has found that corralling a joint powers authority isn't easy.

State Farm's "emergency" rate increase request was rejected by California's insurance commissioner.

San Francisco's commercial real estate struggles, Oakland's looming bankruptcy concerns, and the broader economic headwinds facing the Bay Area take center stage in this episode. Chris Thornberg of Beacon Economics and public policy analyst Marc Joffe join senior reporter Keeley Webster to discuss the impact of hybrid work trends, housing shortages, tax policies, and what it will take for these cities to stabilize their financial futures.

"Even though it will be priced to sell, such large supply in one week may be a struggle for the asset class," said Anders S. Persson, Nuveen's chief investment officer for global fixed income, and Daniel J. Close, Nuveen's head of municipals.

The rating agency cited an easing of the state's fiscal challenges for lifting the outlook on the state's Aa2 rating to stable from negative.

Bond Buyer senior reporter Keeley Webster hosted a wide-ranging discussion on the state's fall bond slate, housing, and second-term priorities with California Treasurer Fiona Ma and Deputy Treasurer of Public Finance John Sheldon.

State Treasurer Fiona Ma appointed Christina Sarron as executive director of the California Alternative Energy and Advanced Transportation Financing Authority.

A preliminary 9.3% return on investments in the year ending June 30 brought CalPERS' funded ratio to 75%, the public pension fund reported.