Economy

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...

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...

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...

The Affordable Connectivity Program, a federal program that provides internet access to low-income families, has ended after Congress failed to reach an agreement to keep funding it. Over 23 million households—including thousands in Santa Clara and San Benito counties—will no longer receive federal subsidies...

California is in a budget hole, its depth measured not in feet, but in dollars. How deep? A projected $38 billion deficit, according to Gov. Gavin Newsom, who said Jan. 10 he will declare a fiscal emergency when necessary and unveiled his initial plan to...

During Jerry Brown’s first stint as governor of California, he became enmeshed in a very complicated dispute over how the state should tax the incomes of multinational corporations. More than four decades later, the issue has resurfaced in a corporate tax case involving Microsoft, one...

It’s hard to find a job fighting climate change, oddly. But the organic farming industry is one place where a person can make a living making a difference.  Food systems account for 20% to 30% of global greenhouse gas emissions, according to data from the...

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...

City of Morgan Hill officials warned the city council in a meeting June 4 that the local government faces a structural budget deficit, requiring $4 million in additional annual revenue to maintain current service levels and avoid potential layoffs in the coming years. Finance Director...

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...