Debt danger ahead – The Mercury News
By Bhargavi Sakthivel, Maeva Cousin and David Wilcox, Bloomberg News The Congressional Budget Office warned in its latest projections that U.S. federal government debt is on a path from 97% …
budgets
Santa Clara has no money to meet $624 million in infrastructure needs
In the heart of Silicon Valley, a region renowned for its innovation and wealth, Santa Clara has struggled for decades to keep pace with its aging infrastructure. Many of its …
California schools gained billions during COVID-19 pandemic. Now the money is running out
BY CAROLYN JONES | CalMatters An end to billions of dollars in federal Covid relief funds, declining enrollment, staff raises, hiring binges and stagnant state funding should combine over the …
Congressional leaders have 6 spending bills to avoid partial shutdown
By KEVIN FREKING (Associated Press) WASHINGTON (AP) — Congressional leaders on Sunday came out with a package of six bills setting full-year spending levels for some federal agencies, a step …
California budget deficit seen rising by $15 billion as revenue drops
By Maxwell Adler | Bloomberg California’s deficit is likely to rise 26% to $73 billion as new data show that tax receipts fell short of earlier estimates, according to the …
How can Oakland schools solve their $24 million deficit?
OAKLAND — The city’s schools have struggled for years to maintain a balanced budget and stave off deficits, but now a fresh hurdle approaches as federal COVID money granted to …
Thousands of Californians got a shot at better careers through this program. Is it working?
BY ADAM ECHELMAN | CalMatters At 47, Ibrahim Mohamed doesn’t fit the typical image of a college intern. When he arrived in the U.S. from Sudan in 2016, he went …
Los Gatos Town Council outlines financial management, quality of life amid 2024-2026 priorities
The Los Gatos Town Council set its priorities for the next two years – including prudent financial management, safety, quality of life and traffic and transportation – at a special …
Labor, health costs lead Santa Clara County to project $250 million deficit in upcoming fiscal year
Santa Clara County is projecting a $250 million deficit in the next fiscal year as the cost of labor grows and a slow turnover in property ownership curbs tax revenue. …
Labor deal in flux as Newsom revisits SB 525, the $25 minimum health wage
By Don Thompson | KFF Health News Gov. Gavin Newsom is revisiting California’s phase-in of a nation-leading $25 minimum wage for health workers in the face of a projected $38 …