The major sticking points between what California lawmakers want and cuts proposed in Gov. Gavin Newsom’s May budget revisions are starting to arise with just over two weeks to go before lawmakers’ June 15 deadline to submit a budget to the governor. Assembly Speaker Robert Rivas, D-Hollister, and Senate President pro Tempore Mike McGuire, D-Sonoma

Cabrera Capital Markets has hired ex-Citi banker Tom Rasmussen as a managing director to head municipal sales, trading and underwriting as it climbs up the rankings. Rasmussen, who worked at Citi for more than 33 years running and forming teams, said he couldn’t say no to the opportunity to run Cabrera’s municipal trading and sales

The average time municipal issuers take to submit their audited financials to the Municipal Securities Rulemaking Board has been steadily rising since 2018 and for 2023 has reached its highest ever recorded by the board at 209 days. “The 2024 study reveals that the average length of time audited financial statements were submitted to the

Municipals sold off Wednesday following another weaker U.S. Treasury session while equities were down near the close. Muni yields rose two to 13 basis points, depending on the curve, coming on the tailwind of a market correction, said Brad Libby, a fixed-income portfolio manager and credit analyst at Hartford Funds. Mixed economic data has been

Fulcrum BioEnergy, a clean-fuels pioneer that raised more than $1 billion to turn household waste into lower-emitting fuels for planes and trucks, is in danger of going under.  The company, which had issued hundreds of millions of dollars in municipal bonds, recently laid off nearly all of its staff of about 100 and halted most

Dallas would ramp up contributions to its Police and Fire Pension System over five years and could pursue additional funding options, including pension obligation bonds and using a portion of sales taxes earmarked for mass transit, under recommendations presented to a city council committee.  Jack Ireland, Dallas’ chief financial officer, told the Ad Hoc Committee

Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Mike Scarchilli (00:05):Hi everyone and welcome to the Bond Buyer Podcast, your go-to source for all things municipal finance. I’m Mike Scarchilli, Editor-in-Chief of the Bond Buyer. And