Romy Varghese

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States' Economic Preparedness Is Highest Since 2000, Pew Says

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Surging tax collections have buttressed state finances, but their economies are still facing a challenge from the coronavirus.

U.S. States Boost Spending At Fastest Pace Since Recession

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State-based fiscal stimulus has taken a 5.9% leap upward.

Hunt For Tax Havens Fuels $47 Billion Stampede Into Muni Debt

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Municipal-bond mutual funds and ETFs have pulled in about $46.9 billion over the last 38 straight weeks.

Muni-Bond Defaults Show Risk Clustered In Midwest, Southeast

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To find the distress in the municipal-bond market, look to the Southeast and Midwest.

Billionaire Tim Draper Abandons Push To Split California Into Three

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The decision came after his effort suffered a setback in the state's highest court.

California's Brown Is Leaving Behind Fully Funded Piggy Bank

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The rainy-day fund approved by voters is at maximum for the first time.

A Billionaire's Dream Of Splitting Up California Moves One Step Closer To Reality

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Tim Draper obtained enough signatures for the measure to qualify for the state’s ballot in November.

As Marijuana Business Booms, Denver Loosens Its Purse Strings

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As legalization expands, cities are eying taxes from a new industry

California's Brown Raises Prospect Of Pension Cuts In Downturn

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The state's Supreme Court is set to consider if benefit cuts are permissible.

California Taps Investors' Craving For Yield With Tobacco Bonds

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Tobacco bonds are returning 10 percent this year, over seven times that of the municipal market as a whole.

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