Report Finds California’s Financial Comeback Mainly Due To Spending Reductions, Not Higher RevenueThe report from Standard & Poor's found that contrary to popular belief, lower spending has spurred California's economic recovery, and not higher revenues.
Study Shows Rising Income Inequality Slows Tax Revenue Growth In California, Prompting Higher Tax Rate
S&P Worried About California Lawmaker Gimmicks To Pass BudgetA credit rating agency is warning that California could return to budget gimmicks this summer, in part because a court has removed an incentive for lawmakers to pass a budget that is truly balanced.
San Francisco Home Prices Drop 2.5 Percent In JanuaryPrices in San Francisco dropped 2.5 percent from December to January, the sharpest decline of any of the 20 cities tracked in the report.
S&P Improves California Bond Outlook To PositiveAlthough California still faces a $9.2 billion deficit, the credit rating agency said the state has corrected a significant portion of its budget imbalance.
Treasurer: Downgrade Expected To Have Little Effect On Calif.State Treasurer Bill Lockyer on Monday said there's no reason the ratings downgrade of the federal government will have an immediate effect on California but cautioned the state is still on the mend.