Conflict-of-Interest Concerns in California Bond Market

A report issued last month by California's state auditor has raised questions about whether conflict of interest laws were broken by two of the state's largest issuers of municipal debt. The audit's findings, though inconclusive, cast suspicion on the practices of two joint powers authorities...

CA Out of Bond-Rating Basement

Standard & Poor's raised California's general obligation bond rating from A-minus to A this month. The upgrade comes just a week after S&P downgraded Illinois' rating to A-minus, meaning The Prairie State now has the lowest bond rating in the nation instead of The Golden State...

State Net Capitol Journal: Despite Low Bond Rates Governments Decline to Borrow

by Korey Clark According to the American Society of Civil Engineers, state and local governments would have to spend about $3.6 trillion through 2020 to get their crumbling infrastructures back into decent shape. That figure is about $1.6 trillion more than states and localities are expected to spend...