State of California

Gov. Jerry Brown’s budget proposal is favorable from a credit perspective, S&P Global Ratings said.

California's transportation secretary, Brian Kelly, will assume the helm at California High-Speed Rail Authority.

Gov. Jerry Brown's $190.1 billion spending plan emphasizes stockpiling reserves, but fellow Democrats in the legislature want more spending.

Attorney General Jeff Sessions' decision to more vigorously enforce federal marijuana laws probably won't lower state credit ratings, but could impact their tax revenues.

The par value of muni underwriting fell for the top five firms as volume receded from the 2016 record.

California's population is nearly 40 million, according to the state's Department of Finance.

Issuers rushing to close PABs and refunding deals propelled issuance past the single-month record set before 1986 tax reform.

The California Chamber of Commerce supports a developing $8.9 billion bond proposal as well as a $4 billion measure that is already on the June ballot.

Municipal issuers continue to race to market with deals before the calendar turns over, as the tax bill may limit issuance in 2018.

The possibility of the municipal market losing both advance refundings and private activity bonds brought a spike in issuance that's likely to extend into December.

The 12-cent-per-gallon fuel tax increase took effect Nov. 1.

Without tax-exempt private activity bonds, charters would have to turn to more expensive and restrictive capital sources.

Municipal bonds were markedly weaker at midday as market participants remain fixated on the newly released Senate tax reform proposal and how it compares with the House version.

Municipal bond market participants are scanning the news closely for details of tax reform provisions that affect them.

The first of the week's new issuance rolled in on Tuesday as strengthening municipal bond prices allowed underwriters to cut yields on some of the day’s larger deals.

Refundings on the calendar for the week ahead spurred speculation that issuers may rush deals to market before they are banned by the GOP tax plan.

More states and localities moved ahead with infrastructure financings in October, as issuers gained confidence the municipal tax exemption will remain in place.

Municipal bonds were unchanged at mid-session, according to traders, who are looking ahead to the next week's $6.7 billion new issue slate, which will be headlined by big offerings from Virginia and Maryland Issuers.

Municipals bonds are little changed in early activity as the market eyes next week’s new issue calendar, which is topped by big offerings from Virginia and Maryland Issuers.

Municipal bonds were steady at mid-session as the market eyes a chunky new issue calendar, topped up by the return of Illinois with a multi-billion dollar bond offering on Wednesday.