The State of California, founded in 1850, is the most populous state in the U.S., headquartered in Sacramento. Its primary purpose is to govern and provide essential services to its residents while managing a robust economy. The state offers a variety of services, including education, transportation, and public safety, while prioritizing sustainable development and environmental stewardship.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
California has been a prominent issuer of municipal bonds since the late 1920s. One notable historical issuance was during the New Deal era, which facilitated significant infrastructure projects. More recently, California issued over $2 billion in bonds in 2021 to fund various public projects, with current yields competitive within the municipal bond market. These bonds often carry a reputation for being reliable investments, benefiting from the state's sizable economy and tax base, alongside attractive features such as tax-exempt interest.