Economy

Gov. Gavin Newsom signed a stack of bills Aug. 16 aimed at curtailing organized retail, property and auto theft in California. Newsom appeared at a Home Depot in San Jose with state, business and law enforcement officials, signing 10 bills that he said go “to...

Local Residents Graduate from Pacific University Gilroy residents Christopher Colyer and Tayler Martinez graduated in spring commencement ceremonies from the Pacific University in Oregon. Colyer graduated with a bachelor of science from the College of Arts & Sciences. Martinez graduated with a doctor of medical science...

Driven by increasing residential values and despite a “troubled” commercial real estate market, Santa Clara County’s overall property assessment roll grew by $35.6 billion, or 5.4% in the last year, according to Assessor Larry Stone’s office. The growth includes an increase of around 5% in...

Gov. Gavin Newsom signed the 2024-25 budget into law on June 29, solidifying $16 billion in cuts and other moves that closed a $46.8 billion deficit.  The budget is $297.5 billion, with $211.5 billion committed from the general fund. It maintains $22.5 billion in reserve...

Gov. Gavin Newsom and legislative leaders reached a nearly $300 million budget agreement on June 21 that closes a $46.8 billion deficit that was projected for the coming fiscal year with across-the-board cuts of nearly 8% to every department.  The $297.5 billion budget is proposed...

The Affordable Connectivity Program, a federal program that provides internet access to low-income families, has ended after Congress failed to reach an agreement to keep funding it. Over 23 million households—including thousands in Santa Clara and San Benito counties—will no longer receive federal subsidies...

After Gov. Gavin Newsom rolled out a deficit-bridging budget plan in January, advocates pushing for more affordable housing and shelters hoped he might reconsider his intent to make deep cuts—or scrounge up some more money. On May 10, Newsom released a revised proposal showing that...

Fundraiser supports therapeutic riding One Step Closer’s 2024 fundraiser gala will take place 5-9pm June 23 at Coyote Ranch Event Center, featuring line dancing instruction, live auction, BBQ dinner, raffle, open bar and more. Line dancing lessons will be taught by Janet Goddard, to live music...

In a step toward building the first massive wind farms off California’s coast, three Assemblymembers on Feb. 12 proposed a $1 billion bond act to help pay for the expansion of ports. The bill, if approved, would place a bond before voters aimed at helping...

California is in a budget hole, its depth measured not in feet, but in dollars. How deep? A projected $38 billion deficit, according to Gov. Gavin Newsom, who said Jan. 10 he will declare a fiscal emergency when necessary and unveiled his initial plan to...