City councils are being harassed to approve new apartment developments by residents who are angry about spiking rents and screaming “Yes in My Back Yard” YIMBY) to generate competition to rein in greedy landlords.
The California Department of Finance told Breitbart News that they did not discover a negative $1.8 billion cost error in calculating the state budget, signed by Gov. Jerry Brown on June 27, until after the November 8 elections.
Gov. Jerry Brown warned this week that despite record economic growth, California’s $122.8 billion budget will suffer its first deficit since 2012 due to spending growing twice as fast as the economy.
California Governor Jerry Brown vetoed a bill Wednesday that would have increased financial oversight of the state’s high-speed rail project, which aims to connect San Francisco to Los Angeles but lacks the necessary funds and rights of way.
Silicon Valley has been enjoying a terrific economic boom, but the current tech-crash and stock market wipeout are already impoverishing the state of California.
There has been lots of hubbub in the last two weeks about California’s economy drying up and blowing away like sagebrush after four years of drought. But the nonpartisan Legislative Analyst’s Office (LAO), which provides budget advice to state lawmakers, announced that “We currently do not expect the drought to have a significant effect” on the state’s budget or overall economy. The reason: agriculture is only a small piece of the economy.
