#california-budget-crisis

#california-budget-crisis

"Caltrain and BART would very likely be looking at shutting down passenger service," Deputy Director of Policy Development Melissa Jones said. "In that case, the agencies would be focused on maintenance, trying to secure our assets, keep everything safe while we regroup for the future."

Over there in LA, we're at about, like, $6 max, which is something that hits everyone like crazy. But here it's $10. I've never seen that, ever.

Standing in front of a gas pump in a video posted to social media, San Jose Mayor Matt Mahan said the costs are "becoming an emergency for working families, and I think we ought to act like it." The moderate Democrat called on state lawmakers to suspend California's gas tax, which at 61 cents per gallon is the highest in the nation.

One of the biggest business stories kicking off the year is the proposed wealth tax in California. The state's rich and powerful, worth more than $1 billion, would face a one-time 5% tax on their assets if the plan gets approved. The proposal, which aims to address a projected multibillion-dollar state budget deficit, has prompted plenty of grumbling among the California elite.

Newsom's interview Monday on MS NOW, the cable channel beloved by Democratic politicians and activist voters, implied anew that his final year as governor will be dominated by his all-but-certain bid for the White House in 2028. He spent much of it criticizing President Donald Trump for refusing aid to Los Angeles fire victims and cracking down on undocumented immigrants.