Valley Public Radio

A new report that compares state finances finds California's budget revenues are soaring higher than all but one other state in the nation.  Its economy is growing at an above-average pace as well.  Ben Adler has more from Sacramento.

The study comes from the Tax Policy Center – a project of the Urban Institute and the Brookings Institution.  It compares state tax revenues, economic growth and other data for all 50 states.

Assembly Approves Minimum Wage Increase

May 30, 2013
Valley Public Radio

California’s minimum wage would go up for the first time in six years under a bill passed by the state Assembly today. Ben Adler has more from Sacramento.

Democratic Assemblyman Luis Alejo’s measure would raise the minimum wage from $8 an hour to $9.25 over the next three years – with cost-of-living adjustments each year after that.

“It’s been six long years – six long years - since we’ve raised the minimum wage here in California.  It’s been locked in at $8 an hour, when we know the price of rent, of clothing, of food, has all gone up during that time,” says Alejo.

Valley Public Radio

California now has one of the highest unemployment rates in the nation. As Amy Quinton reports from Sacramento, the latest figures from the California Employment Development Department show no improvement in the state’s jobless rate for January.

California’s unemployment rate remained at 9.8 percent in January. That ties the state with Rhode Island for the highest unemployment rate in the country. 

A new study finds women in California aren’t faring as well as men during the economic recovery.  The analysis was done by The California Budget Project and the Women’s Foundation of California.  

It finds employment among the state’s women declined by a little less than one percent over the past two years – while it was increased nearly two percent among men.

Chris Hoene with the Budget Project says cuts to programs such as CalWorks, the state’s welfare to work program, and cuts to state subsidized child care have largely affected women:

Stephanie Barraza

The world for the retiree is evolving. For some retirement means a chance to globe-trot or travel across the country in an RV, but for many 65 is just another milestone, a reminder of poor financial decisions earlier in life or a chance to explore a second career.

Foreclosure Process Speeds Up in California

Oct 11, 2012
Joe Moore / Valley Public Radio

Banks are speeding up the home foreclosure process in California, according to data out today. But one analyst says the process may start to slow down again.

It took lenders an average of 335 days, or about 11 months to complete the foreclosure process on California properties in the third quarter.

Daren Blomquist with foreclosure listing service RealtyTrac says that was down three percent from the previous quarter and an eight percent drop from a year ago.

"These foreclosures, if they’re going to happen, it’s better that it’s more like a band-aid that you rip off."

Amy Quinton / Capital Public Radio

California Governor Jerry Brown was on national TV over-the-weekend weighing-in on the presidential election.

He was among the guest line-ups for the Sunday TV news shows, appearing on CNN’s “State of the Union.”

Brown said President Obama has laid a foundation for economic recovery and job creation.

And he argued against Mitt Romney’s “supply-side” economic plan of lowering taxes on corporations to help spur job growth.

AAA: Labor Day Holiday Travel Up

Sep 1, 2012
Michael R Perry / Licensed via Creative Commons via Flickr:

The latest AAA forecast says a higher number of Californians will be traveling over this Labor Day holiday weekend.

According to the auto club, 3.7 million Californians will travel 50 miles or more.

“This is a modest increase of 3.4 percent over last year," said Cynthia Harris, who is with AAA Northern California. She says “modest” increases in travel numbers have been the norm over the past four years.

Overhaul of Environmental Law Dead for the Year

Aug 23, 2012
Photo used under Creative Commons from Andy Patterson / Modern Relics /

A last-minute effort at the State Capitol to overhaul California’s complex environmental review process for development projects is dead for the year. A big push from business and labor groups to reform the law came to an abrupt halt today.

California Lumber Sales Creep Up In Recent Years

Aug 15, 2012
Licensed using Creative Commons from Flickr user CHRISTOPHER MACSURAK /

Lumber sales are up slightly in California, after hitting a record low in 2009. The 2008 collapse of the housing market devastated California's already faltering lumber industry. The housing market has been slow to recover, but new home construction has risen in the last year.

David Bischel of the California Forestry Association says that's translated into a slight uptick in lumber production. "There's been an increase in sales because there's been a small increase in housing production, our markets are very closely tied to housing markets."