Economy

The Board of Directors of the Economic Development Corporation of San Benito County announced this week that Renee Wells is retiring from her position as Executive Director of the EDC. Wells’ last official day will be June 28.  Wells has served as the EDC’s executive...

Gov. Gavin Newsom signed a stack of bills Aug. 16 aimed at curtailing organized retail, property and auto theft in California. Newsom appeared at a Home Depot in San Jose with state, business and law enforcement officials, signing 10 bills that he said go “to...

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...

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...

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...

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...