finance

Joe Moore / Valley Public Radio

With a budget that's absorbed more than $100 million in cuts since 2009, the City of Fresno's finances are improving. But major concerns remain, including a possible "perfect storm" that could threaten the city's financial future. That's the message contained in a draft of the city's 2013 audited financial report, which the council will review on Thursday. The independent auditor praised city efforts to fix what it calls a "structural imbalance" in city finances, and paying off internal loans...

Valley Public Radio

California revenues are off to a slow start in the new budget year. The state controller’s office says they came in six percent below projections for the month of July. Disappointing personal income tax proceeds offset slight gains in sales and corporate tax revenues. Governor Jerry Brown convinced lawmakers to use his more conservative projections in this year’s budget. Democratic leaders had pushed for more optimistic estimates. July is considered a slow month for revenues in general, and...

Pay Day Lending Battle Continues In California

Apr 16, 2013
Valley Public Radio

A bill being heard in the California Senate Banking Committee Wednesday would limit the number of payday loans consumers could take out and give them longer to pay the loans back. Katie Orr reports from Sacramento. Battles over regulating pay day loans in California have been waging at the Capitol for years. The loans are for a couple hundred bucks at most, and have to be repaid in two weeks. The industry says it provides a service to consumers who otherwise wouldn’t have access to money. But...