California entered the new calendar year with generally good financial news. Total revenues topped estimates for January even though projections were recently revised upward as part of the Governor’s 2014-15 Budget submitted early this year. Overall spending was less than expected.
The changes needed to slash emissions enough to reach the mid-century target will be so great that the state should set an interim goal for about 2030, the California Air Resources Board said in a report released Monday.
Sedgwick LLP will open a back-office operation in Kansas City in June as a cost-saving move, continuing a trend where law firms are moving nonlegal jobs to lower cost regions.
The American Tort Reform Foundation issued its annual Judicial Hellholes® report today, naming civil courts in California, Louisiana, New York City, West Virginia, Southwestern Illinois’ Madison and St. Clair counties, and South Florida among the nation’s “most unfair.”
The Governor announced today that California has grown 1 million jobs since 2010. This is a significant and long awaited accomplishment for those who have suffered economically over the past 6 years.
The proposal continues the Governor’s focus on paying down the “wall of debt,” a selection of budgetary liabilities the state incurred in addressing its past budget problems. The Governor’s emphasis on debt repayment is a prudent one. Overall, the Governor’s proposal would place California on an even stronger fiscal footing, continuing California’s budgetary progress.
Los Angeles workers would receive $7.6 billion more a year in pay with a $15 minimum wage.
FilmL.A.’s 20 year retrospective on local film production analyzes patterns of growth and decline in local filming brought about by developments in the U.S. domestic film, television and commercial production market. The report includes a detailed examination of filming trends across nine distinct project categories, with guidance on data interpretation for lay audiences.
In this issue, the Regional Quarterly Report takes a look at state personal income for the third quarter of 2013. Growth slowed in 25 states, accelerated in 22 states, and was unchanged in 3 states and the District of Columbia. On average, state personal income rose 1.1 percent in the third quarter, compared with 1.2 percent in the second quarter.
An analysis of annual changes of four economic performance indicators— economic output (GDP), employment, unemployment rates and home prices—between 2012 and 2013 across the 3,069 county economies . . .
Economic activity in the Twelfth District expanded at a moderate pace during the reporting period of late November through late December. Price inflation was subdued for most final goods and services, and upward wage pressures were modest overall. On balance, holiday retail sales increased relative to the year earlier. Demand for business and consumer services edged up. District manufacturing activity advanced. Output in agricultural and resource-related industries expanded. Demand for residential real estate climbed further, and commercial real estate activity improved. Reports from financial institutions indicated that loan demand increased.
SACRAMENTO – Committing to “pay down our debts and remember the lessons of history,” Governor Edmund G. Brown Jr. today delivered his annual State of the State address, highlighting California’s comeback while vowing to establish a solid rainy day fund to help maintain the state’s fiscal stability.
Gov. Jerry Brown took a swipe at California’s critics during his State of the State address to the state Legislature on Wednesday, praising a “California comeback” he said delivered a million new jobs, a budget surplus and higher minimum wage.
Gov. Jerry Brown said today that California is continuing its “comeback,” with a budget surplus and am improving economy, but he urged the Legislature to restrain spending.
When Gov. Jerry Brown unveiled his proposed 2014-15 budget this month – one based on estimates of sharply increased state revenues – a reporter asked him whether, in retrospect, California needed the tax increase he had persuaded voters to approve in 2012.
Brown’s response, in essence, was that the tax boost’s money is needed to pay off the debts that the state had incurred, not only for past budget deficits, but for long-term future obligations that total about $350 billion.