Economy

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...

The rain-weary Central Coast and Bay Area are being asked, again, to prepare for another round of soaking storms this week, as another atmospheric river system is expected to drench the region.  According to the National Weather Service, the atmospheric river is forecast to make...

With election day approaching, voters have several state propositions from which to choose. Below is a brief description of each of them. For a deeper dive, visit voterguide.sos.ca.gov/propositions. Proposition 2 Public School and Community College Facilities Under Prop. 2, the state would sell a $10 billion bond...

The leaders of the state Legislature have a message for voters: We know you’re frustrated with how expensive California is—and we’re going to fix it. After a painful election that sparked recriminations and soul searching among Democrats across the country, state Senate President Pro Tem...

Valley Water crews have dug about 160 feet into a giant tunnel that will be able to divert massive volumes of water out of Anderson Reservoir when the Anderson Dam Seismic Retrofit Project is completed.  The 20-foot diameter tunnel—which will be 1,750 feet long when...

Despite drenching rain and strong winds, people weren’t deterred when it came to dropping off unwanted guns Saturday during a gun buyback program staged by Santa Clara County law agencies and the District Attorney’s Office. Spread out in several tents with a motor vehicle drive-thru...

Housing costs and inflation are the top concerns for California's 9 million Latino registered voters, according to a report issued Sept. 10 by the Latino Community Foundation, a national nonprofit dedicated to Latino voter engagement.  Although some blame political candidates for high costs, most blame...

Santa Clara County officials and partnering nonprofits convened an emergency townhall meeting in South County Friday to warn residents about potential impacts from recently passed federal legislation that could slash healthcare funding and force difficult choices for local services. The meeting at the Valley Health...

California’s homeless population remains the biggest in the nation, but the crisis is growing more slowly here than in most of the rest of the country, according to new federal data.  The number of homeless Californians increased just over 3% last year compared to the...