The report from Standard & Poor’s found that contrary to popular belief, lower spending has spurred California’s economic recovery, and not higher revenues.
California may not have the hotly contested, high-profile races for U.S. Senator or governor that some other states do this year, but it’s still attracting some of the biggest campaign spending in the country.
With little over two weeks to go until the upcoming election, Governor Jerry Brown appears to be doing very little to put much of a dent into the $23 million he’s raised to campaign for re-election.
Berkeley city leaders began looking at how money is spent on homeless services on Tuesday after a recent report concluded it is not being done efficiently. The vision for a new system is a drastic change from the current approach.
Netscape founder Marc Andreessen says startups are burning too much cash right now, at a rate similar to the 1999 dot com bubble, according to Business Insider. Andreessen went on Twitter last week to warn that overspending companies will “vaporize” when the broader stock market begins to go south.
Republican gubernatorial candidate Neel Kashkari is ponying up $500,000 of his own money and launching his first television ads of the campaign.
San Francisco lawmakers have begun a series of hearings on homelessness in the city, which focuses on cost-effective strategies to house the homeless.
Phil Matier: Officials Concede Little Progress On San Francisco Homelessness Despite Massive Spending
San Francisco is spending about $458,000 per day to house and help homeless people—that’s $34 a day per homeless person. The annual $167 million price tag is $20 million more than the operations budget for the Children, Youth and Family Services department, $6.3 million more than for Public Works and $3.8 million more than for Recreation and Park.
Gov. Jerry Brown is reaping the benefits of an economic turn-around and higher taxes as he prepares to release his update Tuesday for the coming fiscal year’s budget. The state has collected $4.5 billion more than expected from personal income taxes.
The best part of paying your taxes is probably getting your refund check.