Gavin Newsom

Gavin Newsom's budget arrived in the same week BlackRock's CEO advised that climate change is reshaping the financial system.

Gavin Newsom's proposed budget would support a $4.7 billion climate bond, create the state's own generic drug plan and add undocumented seniors to Medi-Cal.

The risk of a state takeover of the bankrupt utility, which Gov. Gavin Newsom has suggested, is not incorporated into California's rating, S&P said.

Gavin Newsom vetoed legislation that would have created a commission to study adopting a machine-readable format for the state's financial documents.

The general obligation bond measure would allocate $9 billion to K-12 schools and $6 billion to the state's universities and community colleges.

Bankrupt investor-owned utility PG&E was a factor in many of the bills approved to deal with the state's wildfire risk.

Gov. Gavin Newsom signed the bill to establish the wildfire fund, to be seeded with new bonds backed by an old utility ratepayer surcharge.

Lawmakers have to wait another week for the governor's five-year infrastructure plan.

Legislation to put bond measures and the 2020 and 2022 ballots has cleared two Assembly committees.

California has issued $3.3 billion of general obligation bonds for the high-speed rail project out of $9.9 billion authorized by voters.