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Nevada rating outlook revised upward to stable by Fitch Ratings bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
California Is Awash in Cash, Thanks to a Booming Market In a single year, the state’s financial outlook has gone from surplus to deficit to surplus as capital gains tax collections have risen amid a soaring stock market and I.P.O. boom. Gov. Gavin Newsom giving the State of the State address at Dodger Stadium in Los Angeles last month.Credit.Patrick T. Fallon/Agence France-Presse Getty Images Published April 28, 2021Updated May 11, 2021 As the pandemic raged last May, California was reeling. Spending on unemployment assistance and health care had jumped, while tax revenues were on the verge of cratering. State officials, just months earlier counting on a $5.6 billion budget surplus, now anticipated a $54 billion shortfall. Severe cuts would be needed, making an already frightening recession even worse. ....
California's credit strength should allow it to weather governor's recall election bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
Tax Windfalls Drive States to Unlikely Role in U.S. Recovery washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.