Economy

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...

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...

Caltrain will use $43 million in federal funds to complete its fleet electrification project by fall 2024, officials announced Dec. 23. Officials expect President Joe Biden to sign off on the recently passed $1.7 trillion omnibus spending bill, which will fund military and government agencies...

This past year has been a flurry of events, milestones, changes, victories and losses that shaped Gilroy and South Santa Clara County. And as the region continues to face the challenges and embrace the hopes related to ongoing growth, 2026 promises to keep local...

With home ownership increasingly surpassing the reach of many Californians and residential real estate prices going up across the board, more people in South County are renting their homes in recent years.  As of earlier this year, the average two-bedroom home rental in Morgan Hill...

Food insecurity in California ticked upward over the past year, bringing the share of hardship back up to levels early in the Covid-19 pandemic, according to data released by the California Association of Food Banks on Dec. 12. “Families are buying less food,” said May...

San Benito County Supervisors at a recent meeting approved a conditional use permit for the Betabel commercial project, after hearing two appeals against the proposal due to its likely impacts on the environment and tribal lands. The Board of Supervisors voted 4-1 Nov. 8 to...

The Bay Area Congressional delegation—Rep. Jimmy Panetta (CA-19), Rep. Zoe Lofgren (CA-18), Rep. Anna Eshoo (CA-16) and Rep. Ro Khanna (CA-17)—wrote to President Joe Biden on Jan. 19 to request that relief for Santa Clara County be included in the Presidential Major Declaration for...

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...

In an effort to minimize impacts on wildlife and tribal resources, as well as to satisfy critics of the proposed Sargent Mine in southern Santa Clara County, the project’s applicant recently offered to scale back their original plans for the property. However, some of those...