Economy

Gov. Gavin Newsom signed the 2024-25 budget into law on June 29, solidifying $16 billion in cuts and other moves that closed a $46.8 billion deficit.  The budget is $297.5 billion, with $211.5 billion committed from the general fund. It maintains $22.5 billion in reserve...

Gov. Gavin Newsom and state Sen. Nancy Skinner announced a proposal Dec. 5 to penalize oil companies in an effort to deter gas price gouging. The proposal would make it illegal for oil companies to charge excessive refining margins—the price difference between the cost of...

With election day approaching, voters have several state propositions from which to choose. Below is a brief description of each of them. For a deeper dive, visit voterguide.sos.ca.gov/propositions. Proposition 2 Public School and Community College Facilities Under Prop. 2, the state would sell a $10 billion bond...

After Gov. Gavin Newsom rolled out a deficit-bridging budget plan in January, advocates pushing for more affordable housing and shelters hoped he might reconsider his intent to make deep cuts—or scrounge up some more money. On May 10, Newsom released a revised proposal showing that...

Gov. Gavin Newsom and legislative leaders reached a nearly $300 million budget agreement on June 21 that closes a $46.8 billion deficit that was projected for the coming fiscal year with across-the-board cuts of nearly 8% to every department.  The $297.5 billion budget is proposed...

The California Transportation Commission (CTC) last week approved $1 billion for 93 new walking and biking projects for disadvantaged communities—including $780,000 to repair a stretch of Highway 101 in San Juan Bautista, says a press release.  The funds were released as part of the 2023...

Housing costs and inflation are the top concerns for California's 9 million Latino registered voters, according to a report issued Sept. 10 by the Latino Community Foundation, a national nonprofit dedicated to Latino voter engagement.  Although some blame political candidates for high costs, most blame...

After celebrating the holidays with her family and recovering from a bout of Covid, Zoe Lofgren flew back to Washington, DC on Jan. 2 to begin her new term representing California’s 18th Congressional District in the US Congress. The district follows Highway 101 from...

The leaders of the state Legislature have a message for voters: We know you’re frustrated with how expensive California is—and we’re going to fix it. After a painful election that sparked recriminations and soul searching among Democrats across the country, state Senate President Pro Tem...

California’s homeless population remains the biggest in the nation, but the crisis is growing more slowly here than in most of the rest of the country, according to new federal data.  The number of homeless Californians increased just over 3% last year compared to the...