California’s cap-and-trade program will reap far more revenue for clean air projects than the state had previously projected. But most of those dollars will flow disproportionately to the Bay Area and San Joaquin Valley, according to a report released Tuesday. It’s already stirred controversy.
The number of people making new jobless claims across the country dropped by 36,000 to 289,000, according to a weekly report from the U.S. Department of Labor. California saw a moderate increase in new claims.
Assemblyman Mike Gatto has proposed legislation that would start a process for a new University of California campus to specialize in technology fields. The campus is envisioned as the UC equivalent of the private California Institute of Technology in Pasadena.
Gas prices are rocketing up in the Sacramento region, hitting well above the $3 mark. The average price of a gallon of regular gas is $3.226, compared to $2.784 a week ago, according to the AAA Fuel Gauge Report.
Assembly Speaker Toni Atkins announced a sweeping affordable housing plan Tuesday that would impose new real estate fees and expand tax credits as a way to house the needy.
California’s legislative analyst on Tuesday proposed a new system for funding school facilities: grants to districts based on enrollment.
Why isn’t there a national conversation about the West Coast port slowdown? That’s exactly what Peter Friedmann, executive director of the Agriculture Transportation Coalition, wants to know.
In the offer, longshore workers receive an annual income of $147,000 with the option of a 3-to-5 percent increase per year and a fully paid health care plan known as a “Cadillac plan.” The Affordable Care Act mandates that the PMA pay a premium on that plan: $35,000 per year, per worker.
The move — which means another loss of a publicly held company for the capital region — was effective Wednesday. But it is not a surprise.
Those additional pension costs steadily increase until 2046. That year, districts are expected to spend an additional $9.3 billion over what they would have under the prior structure. The state would contribute an additional $2.2 billion that year, and teachers would chip in $1 billion.
Some executives complained that the rush of companies and workers is pushing up living costs at least in big Texas cities. And finding skilled employees can be difficult. But executives and employees interviewed for this story generally said they haven’t looked back.
A California law taking effect in January places new risks on companies that hire contracted labor through staffing agencies. Employers may wish to take extra steps to protect themselves from paying for wage theft or workers’ compensation violations made by that staffing agency, suggests a new report by the global insurance manufacturer Marsh. . . The Marsh report also notes California is a hotbed of alleged wage and hour violations — and employers may want to consider purchasing wage and hour insurance to protect against alleged violations.
Although the state’s political stage is still filled with bickering over whether the California comeback is real, another economic snapshot has reinforced some optimism: California has advanced two slots to No. 37 on the Forbes ” Best States for Business and Careers” list.
Exports of California food products took a dive in August, with fruit and tree nuts decreasing by 8 percent when compared to the same time last year and vegetables dropping by 7.8 percent, according to data released Friday by Beacon Economics.
The number of people making new jobless claims across the country dropped slightly by 1,000 to 298,000 from the previous week’s revised number, according to a weekly report from the U.S. Department of Labor. California scored the largest drop in new claims.