The legislative analyst has a plan to fix the “structural insolvency” of the unemployment benefits fund — but businesses aren’t happy and it’s unclear if lawmakers will get on board.
Levi Sumagaysay / CalMatters
Posted inPolitics & Policy
Trump’s deportations could cost California ‘hundreds of billions of dollars.’ Here’s how
Some sectors of California’s economy, like agriculture, would be hit directly by mass deportations Donald Trump promised during his campaign for president. Many more could feel the ripple effects.
Posted inBusiness & Technology
Trump’s proposed tariffs, especially on China and Mexico, could hit California hard
Donald Trump has threatened new, higher tariffs on two of California’s biggest trade partners, China and Mexico. The state’s workers and economy could feel the most impact.
Posted inLatest News
A mystery surge in California tax revenue points to tech companies like Nvidia. Here’s why
California was nearly $2 billion over forecast in corporate tax receipts this summer, including a single $800 million payment in July. A tax change meant to help the budget deficit helped drive the surge.
Posted inBusiness & Technology
California companies wrote their own gig worker law. Now no one is enforcing it
Proposition 22 promised improved pay and benefits for California gig workers. But when companies fail to deliver, the state isn’t doing much to help push back.
Posted inHousing & Development
Californians: Your rent might go up because of rising insurance rates
California’s landlords see rising insurance costs, so they say they’re going to have to raise rents. But they complain about laws that limit how much they can do so.
Posted inBusiness & Technology
California gig worker law withstands challenge from Uber in federal appeals court
A 2020 California law compels businesses to offer employment benefits to more workers rather than treating them like independent contractors. Uber lost an effort to overturn the law with a ruling Monday by the 9th U.S. Circuit Court of Appeals.
Posted inPolitics & Policy
Newsom unveils plan that would hasten insurance-rate reviews — and increases
A proposal to fix California’s insurance crisis would require the insurance department to process requests from insurers more quickly. But that could end with a lot of rate increases for consumers.
Posted inBusiness & Technology
California Supreme Court appears hesitant to overrule voters on gig worker law
California Supreme Court justices appear poised to uphold Proposition 22, a voter-backed initiative passed in 2020. Uber, Lyft, DoorDash, Instacart and other companies have used the law to treat their drivers and delivery workers in California as independent contractors, not as employees.
Posted inPolitics & Policy
Californians are protecting themselves from wildfire. Why is there still an insurance crisis?
As some insurance companies, citing growing risks and costs, have paused or stopped writing new policies in California, lawmakers want mitigation measures to be tracked, updated and accounted for to help insurance availability and affordability.