State of California

The question looms as to what point heightened wildfire activity becomes a significant risk for municipal debt.

California Treasurer Fiona Ma accused of sexually harassing agency director

A double-digit return will trigger a reduction in the California Public Employees’ Retirement System's discount rate under a risk mitigation policy.

The Dormitory Authority of the State of New York overtook California for the most issuance, while New York issuers made up half of the top 10.

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

S&P Global Ratings gave California an elevated risk in the environmental category on an ESG scorecard, partly because of wildfire risks.

The amended budget bill approved by lawmakers Monday remains opaque on high-speed rail and broad band.

The agreement sets milestones for the project, expected to halve border wait times, to be completed by 2024.

The coalition wants the final budget signed by Gov. Gavin Newsom to include his broadband proposal, not the Legislature's.

Republicans warn about inflation while Democrats celebrate social program expansions.

The state sued after the Trump administration canceled federal funding already approved for the project.

The measure would fund deferred maintenance projects at K-12 schools and state universities. It heads to the Assembly and would ultimately be decided by voters.

The state's surplus is overstated and agencies can't handle the mountain of cash proposed in the May budget revision, state analysts say.

Gavin Newsom wants to expand Medi-Cal to undocumented seniors, provide broadband to all and create a new grade for four-year-olds.

With federal aid rolling out, the municipal credit picture is improving and issuers are coming to market at a faster clip. An infrastructure package could push issuance levels even higher.

With enough signatures collected, according to the Secretary of State's tally, a recall election is likely.

The municipal market was steady Monday as the investors gear up for three separate billion-dollar deals heading to market from California, New York, and Connecticut issuers.

Fire scorched two million acres across both states, but muni credits remained relatively unscathed.

Municipal bond issuers in the State of New York accounted for half of the top 10, while issuers from California held two of the top four spots.

With 20 million vaccines administered and reduced infection rates, Gavin Newsom said it's time to begin looking at fully reopening the economy.