Hundreds of thousands of jobs will be created in L.A. County over the next four years, most of them low-paying, according to a report released Wednesday by the Los Angeles County Economic Development Corp. Most of the jobs added in the county by 2020 will pay below the median wage, the group said. Office administration
Guidance from the Legislative Analyst’s Office: Relative to the state’s budgetary position in January, the additional budgetary commitments described above leave the state budget somewhat more vulnerable to the next economic downturn. In the May Revision, the Governor lowered his 2016-17 proposed level of total reserves to $8.5 billion, nearly $2 billion lower than in
As a proportion of personal income, California had the nation’s 11th highest long-term state debt in 2013, a new report by the Pew Charitable Trusts says. However, Pew’s three-year-old calculations, like other state-to-state comparisons, suffer from being based on the latest available official data, which are several years old. The state’s debt could be relatively
Gov. Jerry Brown kicked off 2016 optimistic on one policy area: After years of stalling, he said it was time for California to finally start making long-overdue repairs to its freeways and bridges. In his January State of the State address, he told lawmakers they'd have to "bite the bullet and enact new fees and
Independent groups with money from oil companies, grocery workers and apartment owners have unleashed hundreds of thousands of dollars in recent days to take out several members of the California Legislature, breaking with political custom that generally protects incumbents from well-funded challenges from within their party. In Silicon Valley, an outside committee backed by oil
Democrats make up a solid majority of the Legislature, but they do not agree on everything. A band of business-friendly Democrats has gained enough clout to buck more liberal Democrats on some environmental issues. Campaign spending by EdVoice, an advocacy group that supports charter schools and tying student test scores to teacher evaluations, reveals an
In an understated – and long-expected – announcement, state Treasurer John Chiang opened his campaign for governor Tuesday, casting himself as a fiscal steward amid a field of higher-profile Democrats. Chiang, 53, created a campaign account, issued a news release and then said in a tweet, “It’s official.” Chiang’s candidacy had been expected for months,
More than 25 years after the first Jamba Juice shop opened in San Luis Obispo, the owner of the smoothie company announced plans to move its headquarters from California to Texas within eight months. Jamba Inc. will close its Emeryville, Calif., office and establish a new corporate home in Frisco, Texas, about 30 miles north
Wall Street Journal, May 11 The U.S. is experiencing a baby lull that looks set to last for years, a shift demographers say will likely ripple through the U.S. economy and have an impact on everything from maternity wards to federal social programs. U.S. births have edged up modestly since 2013, a trend likely to
New Assembly Speaker Anthony Rendon doesn’t believe the emergence of a less-liberal, more pro-business wing of his big Democratic caucus is going to set off a high-visibility war among Democrats. “I don’t know if the party has ever been monolithic,” Rendon said in a telephone interview. “We’ve always been a big-tent party, with a diversity