by jpitney | Apr 20, 2024 | California Politics, Debt
Don Lee at LAT: California’s massive budget deficit, coupled with the state’s relatively high level of joblessness, has become a major barrier to reducing the billions of dollars of debt it has incurred to pay unemployment benefits. The surge in unemployment brought...
by jpitney | Apr 13, 2024 | California Politics, Economic Policy, Taxes
Tax Foundation: How does California’s tax code compare? California has a graduated state individual income tax, with rates ranging from 1.00 percent to 13.30 percent. California has a 8.84 percent corporate income tax rate. California has a 7.25 percent state sales...
by jpitney | Apr 12, 2024 | California Politics, Housing
Marisa Kendall at CalMatters: Exactly how much is California spending to combat homelessness — and is it working? It turns out, no one knows. That’s the result of a much-anticipated statewide audit released Tuesday, which calls into question the state’s ability to...
by jpitney | Mar 28, 2024 | California Politics, Disabilities
At LAT, Rebecca Ellis reports on abuse at Elwyn-Mayall, a home in Northridge for developmentally-disabled adults. In California, an alphabet soup of bureaucracies is tasked with making sure people with developmental disabilities are not abused — and if they are,...
by jpitney | Mar 25, 2024 | California Politics, Insurance, Regulation
Ruben Vives at LAT: The California homeowners’ insurance crisis reached another critical stage this week when State Farm General Insurance announced that it would not renew policies for 72,000 property owners across the state. The insurance giant announced Wednesday...
by jpitney | Mar 24, 2024 | California Politics
Adam Beam at AP: California’s unemployment rate is now the highest in the country, reaching 5.3% in February following new data that revealed job growth in the nation’s most populous state was much lower last year than previously thought. California lost a staggering...
