Economy

Gov. Gavin Newsom and state Sen. Nancy Skinner announced a proposal Dec. 5 to penalize oil companies in an effort to deter gas price gouging. The proposal would make it illegal for oil companies to charge excessive refining margins—the price difference between the cost of...

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...

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...

Hundreds of people in Morgan Hill and Gilroy hit the streets April 5 to deliver the message that they are not happy with President Donald Trump and Elon Musk as part of the nationwide “Hands Off!” protests.  On just the 76th day of Trump’s presidency,...

With a cold winter storm bearing down on Morgan Hill, U.S. Environmental Protection Agency administrators joined local and regional representatives Feb. 23 at the top of Anderson Dam to announce the availability of $727 million in low-cost loans that will fund the rebuilding of...

Gilroy Gardens has offered educational programs and youth jobs to thousands of students and generated millions of dollars to the local economy over the past 25 years, according to a recent impact report released by the theme park’s directors and staff.  The inaugural 2024 Gilroy...

Santa Clara County planning officials have released the draft Environmental Impact Report for the 403-acre Sargent Ranch quarry project that is proposed south of Gilroy. The public comment period on the EIR began July 25 and will continue until Sept. 26, according to county staff. Representatives...

Santa Clara County secured an $11.1 million grant to address homelessness in San Jose and throughout the county, federal housing officials announced April17. The county is one of 62 communities receiving their share of $486 million in funds from the U.S. Department of Housing and...

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...

The County of Santa Clara Department of Tax and Collections (DTAC) published a list of 127 individuals and businesses who are potential owners of $89,017 in unclaimed general collections monies.  Potential owners who qualify for these monies must file claims by Nov. 11. The list...