Municipal bond sectors adapt to federal funding shifts

Endnotes

Sources

California Budget
AccuWeacther estimates more than 250 billion in damages and economic loss from LA wildfires
Update: LA Wildfire Insurance-Loss Estimates Approach $40 Billion
California Department of Forestry and Fire Protection | CAL FIRE
Key Statistics & Data - The California FAIR Plan
Every California homeowner could pay tab for LA wildfires - E&E News by POLITICO
FEMA National Disaster Recovery Framework, Third Edition
Congressional Research Service: A Brief Overview of FEMA’s Public Assistance Program
National Association of Counties: Counting the Costs of Post-Disaster Reimbursement: County Fiscal Impacts of Federal Disaster Response
S&P
https://www.capitaliq.com/CIQDotNet/CreditResearch/SPResearch.aspx?DocumentId=60624135&From=SNP_CRS
https://www.capitaliq.com/CIQDotNet/CreditResearch/SPResearch.aspx?DocumentId=60475956&From=SNP_CRS
Moody’s
https://www.moodys.com/research/Moodys-Ratings-revises-outlooks-to-negative-from-stable-for-the-Rating-Action--PR_908994496
https://www.moodys.com/research/Moodys-Ratings-revises-outlook-to-negative-from-stable-for-Los-Rating-Action--PR_908996641
https://www.moodys.com/research/PR_908992979
LADWP
https://www.ladwpnews.com/january-22-2025-evening-update-ladwps-windstorm-and-wildfire-response/
J.P. Morgan Municipal Morning Intelligence email from 1/29/2025
Los Angeles Times (https://www.latimes.com/california/story/2025-02-05/lausd-sets-aside-2-2-billion-to-rebuild-burned-campuses-and-make-schools-climate-resilient)
https://www.usatoday.com/story/news/education/2025/01/14/la-fires-schools-destroyed/77692692007/
Los Angeles FY24 CAFR
New York Times, California’s High-Risk Insurer Gets $1 Billion Bailout After L.A. Fires,2/11/2025
The Wall Street Journal, To Help Pay for L.A. Fires, California Will Collect $1 Billion From Insurers, 2/11/2025

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