inflation – Page 4 – California Globe

Rethinking Tax Policies: The Impact on L.A.’s Real Estate and Financial Sectors

February 15, 2024 2:57 pmFebruary 15, 2024 2:57 pm

In Los Angeles, a city sprawling over 500 square miles and home to 3.85 million people, things are not easy for businesses. Recent events like rising interest rates, growing costs from inflation, and a slowing economy have put the local...

Sacramento City Manager Pushed for $20K Raise Before Delivering Bad News: $50 Million Budget Black Hole

January 25, 2024 10:40 amJanuary 26, 2024 6:36 am

The City of Sacramento is facing a budget deficit of more than $50 million this year – up from a $24 billion deficit last year – resulting in a hiring freeze, and a travel and office supply freeze, City Manager...

Ringside: Eliminating Water Scarcity

December 20, 2023 10:38 pmDecember 20, 2023 10:38 pm

After the deluge that inundated California during our most recent water season, there is no chance Californians will confront a water supply crisis this year. Water levels, as reported by the California Data Exchange Center, are above the historical average for...

Why Is Sacramento Paying City Manager Howard Chan $493,655?

December 19, 2023 8:59 amDecember 20, 2023 7:07 am

Why do city managers receive such exorbitant pay? Across the state, city managers receive significantly larger salaries than the governor. While city managers of any city are responsible for managing multiple departments, employees, budgets, etc…, the governor is responsible for...

New HUD Report Shows U.S. Homelessness Increases – As Do the Budgets of the Responsible Agencies

December 16, 2023 9:04 amDecember 18, 2023 9:10 am

Despite spending untold billions on the homeless, we now have 653,000 homeless people in the United States – 70,650 more than last year, a 12 percent increase, House and Urban Development (HUD) announced Friday in a new report. Homelessness would...

The True Cost of of the 12 Gifts of Christmas from ‘The 12 Days of Christmas’

December 6, 2023 8:05 amDecember 6, 2023 8:05 am

For 40 years, PNC Financial Services Group, Inc. has calculated the prices of the 12 gifts of Christmas from the classic song, “The Twelve Days of Christmas.” The 12 gifts that compose the PNC CPI increased to $46,729.86 this year,...

California State University Trustees Vote To Raise Tuition By 34% Over Next 5 Years

September 14, 2023 12:35 pm

The California State University Board of Trustees voted on Wednesday to drastically increase tuition annually by 6% for the next five years, or 34% in total, to help combat the current $1.5 billion deficit that the university system is facing....