Fitch revised the outlook to negative from stable, citing a significant jump in leverage.

The $14.6 billion budget calls for hiring police and Olympic-focused infrastructure spending after last year's spending plan proposed layoffs.

The rating agency cited the prospect of lowered debt service coverage ratios in the next three years.

"I find this a very encouraging appointment," Peter Chan, a partner at law firm Baker McKenzie, said of Woodcock's appointment.

"I would much rather invest in the muni, both in terms of default rates and in terms of the yield that you're getting off of those," said Travis Lower.

S&P cited repeated draws on reserves for the lowered outlook.

Moody's Ratings upgraded Alum Rock Union Elementary School District on proactive management actions in the face of enrollment and fiscal challenges.

The review, which included mostly Texas and Colorado bond issuers, comes as the amount of voter-approved debt authorized for districts is exploding.

"Everyone that is in this industry relies on our technology," CEO Mark Kim said Thursday at a BDA conference in Chicago.

S&P Global Ratings cited the state's structurally balanced budgets and progress on improving the finances of its pension system.

The rating agency cited the state's sustained improvements in fiscal management and robust reserves.

The Internal Revenue Service is proposing rule changes regarding the complex relationship between tax-exempt bonds, arbitrage and State and Local Government Series Securities.

The Government Finance Officers Association is providing comments on the U.S. Treasury Department's proposal to establish a new record keeping system for certain financial assistance programs.

The GASB is looking for comments on its upcoming technical agenda while rolling out a series of videos aimed at helping stakeholders understand government financial reports.

Jeffrey Puzzullo is the fourth person to plead guilty in the now-notorious Legacy Cares case.

If building out AI tools requires a big investment, "it sure helps to have the capital," said Justin Marlowe, a research professor in the University of Chicago Harris School of Public Policy.

The Texas city is reviving a seawater desalination project as it faces a water supply crisis that has impacted its bond ratings.

A California lawmaker introduced legislation that would require data centers that use excessive amounts of energy to pay a surcharge to avoid rate hikes on residents.

"This split enforcement action is unconstitutional and unlawful," their opening brief said.

The competitive bond sale comes after the triple-A-rated city received a negative outlook from S&P over the use of reserves to ease budget pressures.