09/16/2021

News

Major Growth in Assessment Rolls Reported Throughout the State

Assessors from California’s 58 counties began reporting their assessment rolls – showing the value of all real property and business personal property in their counties as of the January 1, 2015, lien date – and selected counties that have released their rolls so far have reported major growth.

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California Property Tax Values Increasing

California’s county tax assessors are reporting sharp increases in valuations that will generate billions of new dollars for local governments and schools, according to the California Taxpayers Association.

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Fewer Californians Got Into UC, While Offers to Foreign Students Rose

About 60% of the 103,117 California applicants were offered a spot on at least one of UC’s nine undergraduate campuses, according to university figures released Thursday. That appears to be a record low acceptance rate, down from about 63% of the 99,955 applicants last year, and about 79% in 1999, the oldest available systemwide figures.

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City Council President Says LA Lacks Job Creation Plan, Orders New Panel to Boost Employment

For several weeks, the groups have complained City Hall isn’t focusing enough on job growth with critics contending Garcetti’s economic team, led by longtime staffer Kelli Bernard, has failed to recruit business or cut red tape for existing companies.

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Wages Shrink for State’s Middle-Income Workers

Wages for the typical worker in California — those who earn $19.18 an hour, or about $39,800 a year — are still 1.8% lower than they were in 2011, when the state’s unemployment rate hovered around 11.5%. The current unemployment rate is 6.4%

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City Council President Says LA Lacks Job Creation Plan, Orders New Panel to Boost Employment

For several weeks, the groups have complained City Hall isn’t focusing enough on job growth with critics contending Garcetti’s economic team, led by longtime staffer Kelli Bernard, has failed to recruit business or cut red tape for existing companies.

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State Launches One-Stop Website for Business Rules and Incentives

The business portal, a tool from the Governor’s Office of Business and Economic Development, provides companies with a map to navigate state and federal regulations, and access state assistance in areas like finding a site and accessing agencies that train workers.

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Real Personal Income for States and Metropolitan Areas, 2013

Real personal income across all regions rose by an average of 0.8 percent in 2013. This growth rate reflects the year-over-year change in nominal personal income across all regions adjusted by the change in the national personal consumption expenditures (PCE) price index. On a nominal basis, personal income across all regions grew an average of 2.0 percent in 2013. In 2013, the U.S. PCE price index grew 1.2 percent.

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Dan Walters: California Workers Compensation Costs Rise

California employers’ workers’ compensation insurance premiums jumped by $2 billion in 2014 but payments to workers for job-related injuries and illnesses remained static, while medical costs declined, according to the Workers’ Compensation Insurance Rating Bureau.

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Chinese Carbon Market Doldrums May Undermine Climate Efforts

Regulatory uncertainty and a lack of transparency have left trade on China’s seven pilot carbon exchanges in the doldrums, which could undermine efforts to cut the nation’s greenhouse gas emissions.

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29th Annual Survey of Corporate Executives: A Realignment of Location Priorities

Relocation plans are up slightly on a year-over-year basis. Thirty percent of the Corporate Survey respondents plan to relocate a domestic facility over the next three years (figure 26). Among the reasons cited for relocation are high taxes (44 percent) and excessive government regulations (29 percent), as well as labor availability (26 percent) and labor costs (24 percent).

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Leading Locations for 2015: Creating a Track Record of Economic Success, Denver-Aurora-Broomfield Ranks First

Area Development analyzed economic and workforce data for 373 MSAs to determine which U.S. cities are creating jobs and nurturing sustainable economic development. The results of the Leading Locations 2015 study clearly reflect the strength of the western half of the United States: eight of the top-10 MSAs are in the West — three in Colorado, two in California, two in Texas, and one in Washington State.

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California Scores Nearly 2,000 Clean Energy Jobs

California created nearly 2,000 clean energy and clean transportation jobs in the first quarter, to rank second in the nation behind Georgia, according to a report made public Tuesday.

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Gov. Brown Faces Rough Road in Quest to Repair State Freeways

After years of neglect, state officials estimate it will cost $59 billion to fix the now-crumbling roads and freeways that Gov. Edmund G. “Pat” Brown championed more than five decades ago. And it’s up to his son, Gov. Jerry Brown, to find the money.

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San Diego Economy Sees Slower Growth

A report released Tuesday by the University of San Diego still points to gains in the job market, new residential construction and an overall improving national economy as factors behind the region’s expansion. However, local publicly traded companies did not fare well in May and consumer confidence dipped locally for the first time in 15 months.

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