Industry: Economy
News
June 18, 2015
That effort, resisted by environmentalists and powerful labor unions, sputtered out two years ago. Since then, Brown and Democratic lawmakers have instead struck deals giving special consideration to certain projects rather than confront the political difficulties of overhauling the law. . . Because the arrangements are tied to the budget, they are not subject to the lengthy public review process required of most proposals in the Capitol.
News
June 18, 2015
For months, groups representing labor, contractors, local governments, transportation interests and others worked on legislation to revamp the state’s roads and ease the movement of freight at the state’s ports. The bill, which would use the $1 billion collected annually in truck weight fees for road work, awaits action on the Senate floor. The measure may be converted to a special session bill and serve as the centerpiece of the legislative session.
News
June 18, 2015
Although California motorists pay the second highest fuel taxes in the nation, we sit near the bottom in maintenance spending per mile of roadway and, therefore, at or near the bottom in congestion and pavement conditions.
News
June 18, 2015
The exemption, contained in a budget-related trailer bill, offers a narrower exemption than a broader one Gov. Jerry Brown originally proposed. Lawmakers appeared to be nearing a deal Thursday, after pushing back on Brown’s initial proposal.
News
June 17, 2015
Fed officials sharply downgraded their economic forecast for this year. They projected the economy would grow between 1.8% and 2% this year, well below the range of 2.3% to 2.7% in its last forecast in March.
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