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    REDWOOD CITY (CBS SF/BCN) — San Mateo County’s Board of Supervisors approved a $3.3 billion budget on Wednesday for the 2021-2022 fiscal year and a preliminary $3 billion budget for the 2022-2023 year. The approval came after a three-day budget hearing that began on Monday. READ MORE: UPDATE: Firefighters Battle 50-Acre Brush Fire in Shasta County; Evacuations Ordered The budget...
                        Americans for Prosperity (AFP) – Tennessee members announced this week they want volunteers to help them educate Davidson County residents about the Nashville Taxpayer Protection Act. The referendum, if voters approve it, would roll back Nashville Mayor John Cooper’s 34 to 37 percent tax increase. AFP members also...
    The state of Tennessee brought in $1.6 billion in tax revenue in May, which was 38% more than the budgeted estimate. Through 10 months of accrual in the fiscal year, the state has collected 99% of the tax revenue it budgeted to receive the entire fiscal year, with $14.7 billion collected and $14.9 billion budgeted, according to the nonprofit...
    North Carolina's Office of State Budget and Management and the General Assembly's Fiscal Research Division released an updated revenue forecast Tuesday that showed the state is expected to collect $60.4 billion in revenue over the next two years, reflecting a $6.5 billion increase over previous estimates. The new estimate comes as the General Assembly draws closer to the deadline for...
    A report issued by the Kentucky Legislative Research Commission last week called on the state’s Finance and Administration Cabinet to improve several policies in regards to vehicle fleet management. That includes tracking underutilized vehicles and determining if independent fleets managed by five state agencies are effectively using public funds. The 34-page report was the focus of a Legislative Oversight and...
    The number of migrants who have been encountered illegally crossing the U.S. border so far this fiscal year has hit a 10 year high, with more than four months still to go -- as the Biden administration struggles to contain a continuing crisis at the southern border. Customs and Border Protection (CBP) announced this week that the number of migrants...
    The highest level of core inflation in nearly 30 years has been stoked by the record high budget deficit in the first eight months of the federal government’s fiscal year. The budget deficit grew to $2.1 trillion by the end of May, the Department of Treasury said Thursday. A year ago, the budget deficit stood at $1.9 trillion. For the...
    New Jersey will be $10.1 billion richer in the next fiscal year as the state projected it will carry about 25 percent of its total budget into fiscal 2022. This surplus marks a $4 billion increase from what the state last projected in February.  “Thanks to a remarkable two-month revenue collection surge – an April and May 'surprise' like...
    The United States hit a record deficit of nearly $2.1 trillion for the first eight months of the fiscal year, according to monthly data released Thursday by the Treasury Department. The country also saw record spending of more than $4.6 trillion for the 2021 fiscal year, up 20% from the previous year. The country also brought in a record amount...
    The U.S. Capitol reflects in the Capitol Visitor Centers skylight on the East Plaza on Monday, April 26, 2021.Bill Clark | CQ-Roll Call, Inc. | Getty Images The U.S. budget deficit passed the $2 trillion mark in May amid a continuing flow of fiscal largesse to a rapidly expanding economy, the Treasury Department reported Thursday. Government red ink for the...
    In this article RHJason Kempin | Getty Images Entertainment | Getty ImagesShares of the high-end furniture retailer RH surged in extended trading Wednesday after the company beat analysts' profit and sales estimates for the fiscal first quarter. RH also hiked its full-year outlook, building on the momentum it's seeing in the luxury home category, and gave a stronger-than-expected sales forecast...
    OAKLAND (BCN) – The East Bay Municipal Utility District is holding a public hearing Tuesday on a proposed 8 percent rate increase for tap water and wastewater over the next two years. The EBMUD board meeting starts at 1:15 p.m. and will be livestreamed at http://www.ebmud.com/board-meetings. READ MORE: Report: Boogaloo Suspect In Law Enforcement Officers Murders Belonged To Militia Seeking...
    zimmytws | iStock | Getty Images President Joe Biden's 2022 budget could give the Social Security Administration a $1.3 billion — or 9.7% — boost in funding. In total, the president is calling for $14.2 billion for the agency for fiscal year 2022. The proposed increase comes as the Social Security Administration expects to pay more than $1.2 trillion in...
    More On: donna karan Weinstein scandal has exposed the fake feminists among us Macy’s scores big with exclusive DKNY clothes, accessories American fashion icons are desperate to stay relevant LVMH sells money-losing line Donna Karan to G-III Apparel Shares of Donna Karan brand owner G-III Apparel soared by more than 12 percent on Monday after chief executive Morris Goldfarb...
    Just a year ago, the financial future looked bleak for state governments as governors and lawmakers scrambled to cut spending amid the coronavirus recession that was projected to pummel revenue. They laid off state workers, threatened big cuts to schools and warned about canceling or scaling back building projects, among other steps. Today, many of those same states are flush...
    President Biden will not only leave the Space Force intact but plans on expanding it. However, the proposed boost comes after a federal watchdog warned about the Pentagon’s record of delays and cost overruns when it comes to space acquisitions. Biden’s fiscal year 2022 budget proposal asks Congress for $17.4 billion for Space Force—the sixth military branch formally established by...
    In this article LULUPedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021.David Paul Morris | Bloomberg | Getty ImagesLululemon on Thursday reported fiscal first-quarter revenue that soared 88%, topping analysts' estimates, as shopper traffic steadily rebounded to its stores. The leggings maker also issued strong guidance for its fiscal second quarter...
    Plane makes emergency landing on busy California highway Biden to Amend Trump’s China Blacklist, Target Key Industries LITTLE ROCK, Ark. (AP) - Arkansas’ surplus for the fiscal year is approaching $1 billion. © Provided by Jonesboro KAIT The Department of Finance and Administration on Wednesday said the state’s net available revenue for the fiscal year that began July...
                      by Robert Romano  The annual budget deficit has already hit $1.9 trillion and counting for the fiscal year that will end in September, according to the U.S. Treasury’s April statement, and it will reach as high as $3.6 trillion this year, says the White House Office of Management and Budget (OMB). Comparatively, in...
    New Delhi (CNN Business)India's economy was turning a corner earlier this year as the country started to accelerate out of the recession it suffered in 2020. But a disastrous surge in Covid-19 cases threatens that progress. Asia's third biggest economy recorded a rise in gross domestic product of 1.6% in the January-March quarter, compared with the same period a year...
    HARRISBURG, Pa. (AP) — A judge has dismissed a lawsuit filed by owners of seven Pennsylvania casinos trying to shut down the state’s online lottery games. Tuesday’s decision by Commonwealth Court Judge Renee Cohn Jubelirer rejects the casinos’ arguments that the lottery’s internet-based games used systems unique enough to slot machines and casino-style gambling to violate state law. It’s a...
    In this article CRMMarc Benioff, CEO of Salesforce.Adam Jeffery | CNBCSalesforce shares rose 2% in extended trading on Thursday after the cloud software maker reported fiscal first-quarter earnings that surpassed analysts' expectations. Here's how the company did: Earnings: $1.21 per share, adjusted, vs. 88 cents per share as expected by analysts, according to Refinitiv. Revenue: $5.96 billion,...
    Ohio announces first $1M Vax-a-Million lottery winner Prosecutors sue over California prison good conduct rules A lot of information has become available through Sony’s Investor Relations report for the Games and Services division today, including new details about how PlayStation will operate moving forward.  © Provided by Dot Esports Along with other intense areas of growth, Sony reported that...
    Among the hundreds of Central American migrants crossing the Rio Grande river daily on rafts from Mexico to Texas, dozens stood out on a recent day. They were generally taller and some wore skirts, stylish shoes, and tracksuits, while many of the other migrants wore T-shirts, pants, and jeans. U.S. border patrol officers who apprehended them near the river tried...
    The Bulloch County Board of Education is scheduled to vote on the final adoption of a Fiscal Year 2022 Budget at its regular session meeting on June 10, beginning at 6:30 p.m.  A tentative budget was presented to the Board on May 13, by Troy Brown, an assistant superintendent...
    Mark Morgan, former chief operating officer and acting commissioner for Customs and Border Protection (CBP), told Breitbart News on Sunday that 300,000 aliens illegally entered the U.S. across its southern border since October of 2020. “You’re looking at well over 300,000 individuals that have illegally entered our country that have either been released or gotten by, and now they’re making...
                      by Nyamekye Daniel  Georgia Department of Transportation Commissioner Russell McMurry has received a $100,000 raise, making him one of the highest-paid unelected state officials in Georgia. The State Transportation Board unanimously approved McMurry’s 29% raise Thursday without debate, increasing his salary from $350,000 to $450,000. McMurry started his career with...
    Georgia Department of Transportation Commissioner Russell McMurry has received a $100,000 raise, making him one of the highest-paid unelected state officials in Georgia. The State Transportation Board unanimously approved McMurry’s 29% raise Thursday without debate, increasing his salary from $350,000 to $450,000. McMurry started his career with the department in 1990. He was the planning director before being...
    Iowa taxpayers would see sweeping changes to tax policy if Gov. Kim Reynolds signs a bill passed this week by the Iowa House and Senate. The Senate approved SF619 in a 29-15 vote May 17, and the House signed onto it in a 64-28 vote May 18. The 64-page bill strikes triggers from the 2018 tax reform bill and...
    Deputy Prime Minister Grant Robertson speaks to media during a post cabinet press conference at Parliament on Nov. 09, 2020 in Wellington, New Zealand.Hagen Hopkins | Getty Images News | Getty Images New Zealand's economic recovery from the Covid-19 pandemic has been "a lot better than expected," its Deputy Prime Minister Grant Robertson told CNBC Thursday. That has allowed New...
    FREMONT — The City Council got its first look at the proposed city budget for fiscal year 2021/22 Tuesday, with city staff revealing Fremont will lean on about $20 million in federal support to make ends meet without dipping into reserves, as it absorbs ongoing financial hits from the coronavirus pandemic. Tuesday’s meeting was the first council hearing on the...
    In this article WMTPeople talk outside a Wal-Mart Pickup-Grocery store in Bentonville, Arkansas.Rick Wilking | ReutersWalmart is set to report its fiscal first-quarter earnings before the bell on Tuesday. Here's what Wall Street is expecting, according to Refinitiv consensus estimates: Earnings per share: $1.21 Revenue: $131.97 billion The discounter's results will show how much of its sales growth...
                        Higher than expected revenues for the month of April resulted in the state’s budget surplus exceeding $2 billion with three months remaining in the 2020-2021 fiscal year. Commissioner of Tennessee’s Department of Finance and Administration Butch Eley made the announcement Friday that April revenues of $2.5 billion resulted...
    OAKLAND (BCN) – BART officials took another step Thursday toward approving a balanced budget for fiscal year 2022, as the transit agency’s budget officials presented a revised proposal that includes an $8 million increase in passenger revenue. The $1.02 billion budget includes an estimated $166 million in fare gate revenue as ridership begins an arduous climb back up toward pre-pandemic...
    The U.S. federal budget deficit rose to a record $1.9 trillion in the first seven months of the fiscal year, the Treasury Department said Wednesday. That is 30 percent above the $1.5 trillion deficit recorded in the first seven months of the previous fiscal year. The monthly budget deficit—which measures the excess of federal spending over revenues from taxes, fines,...
    Younger teens could soon get the Pfizer-BioNTech COVID-19 vaccine. Your questions, answered Rare Schumer, McConnell showdown previews floor fight on Dems’ election bill Since being revealed back at E3 2017, Ubisoft’s Skull & Bones has seemingly struggled to find its feet. The naval action game from Ubisoft Singapore was pitched as a multiplayer-heavy title that was set to launch...
    OAKLAND — Mayor Libby Schaaf’s newly released budget proposal would increase police spending from the general purposes fund over the next two years, despite the Oakland City Council last year stating its goal to cut police funding from that fund by half. The budget was presented Monday to the City Council, who will use the mayor’s proposal as a starting...
    The White House does not expect to keep its new goal of raising the 2021 refugee inflow to 62,500, up from 15,000, according to press reports. The Hill recently reported President Joe Biden’s refugee policy reversal came with “an unexpected caveat: The administration doesn’t expect to meet its own goal,” adding: The warning came alongside President Biden’s announcement on Monday that the U.S. would...
    In this article TPRCustomers walk past a Coach store at Shanghai New World Daimaru department store on August 12, 2019 in Shanghai, China.VCG | Visual China Group | Getty ImagesCoach owner Tapestry said Thursday that its fiscal third-quarter sales in North America returned to pre-pandemic levels, as demand for luxury goods rebounds from 2020 lows. Chief Executive Joanne Crevoiserat said...
    President Joe Biden on Monday announced that he would raise the refugee admissions cap for the current fiscal year, from a historically low 15,000 cap put in place by the previous administration, to 62,500. The president had been expected to announce the final number by May 15. “It is important to take this action today to remove any lingering doubt in the minds of...
    President Biden has increased the refugee admissions cap to 62,500 for the current fiscal year, after keeping the historically low Trump-era cap of 15,000. But Mr. Biden also admitted in a statement on Monday that the administration will not reach that cap this year.  The Biden administration faced intense backlash from liberals, immigration advocacy groups and religious groups alike after...
    More On: refugees Hong Kong passes immigration bill, raising alarm over ‘exit bans’ Biden administration considers protections for climate change refugees After refugee flipflop, White House insists nod to progressives was plan all along Secretary of state defends Biden on refugee cap flip-flop President Joe Biden announced on Monday that he is raising the cap on refugees admitted into...
    Clean megaprojects divide surprise group: environmentalists Cheney calls out Trumps latest attempt to promote BIG LIE amid criticism from within her own party © City of Framingham Framingham CFO Mary Ellen Kelley will retire effective June 29, according to city officials. FRAMINGHAM, MA — One of the longest serving remaining department heads in Framingham will depart this summer. Chief...
    The Iowa Senate unanimously passed a bill increasing appropriations for administrative purposes for fiscal year 2022. The bill also appropriates $100 million in broadband grants for the Empower Rural Iowa Broadband Grant Fund . The bill, HF867, appropriates $149.6 million from the general fund and $58.4 million from other funds for fiscal year 2022. That would be an...
    Tim Cook, CEO of Apple, speaks during an Apple Event on April 20th, 2021.Source: Apple Inc. Apple reports its second fiscal quarter earnings on Wednesday after markets close. Here's what Wall Street expects, per Refinitiv consensus estimates: Earnings: 99 cents per share Revenue: $77.36 billion The company is coming off of its biggest quarter ever by...
    In this article SBUXStarbucks' president and CEO Kevin Johnson speaks during a press conference in Shanghai on August 2, 2018.AFP | Getty ImagesStarbucks is expected to report its fiscal second-quarter earnings after the bell on Tuesday. Here's what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 53 cents expected Revenue: $6.82 billion expected Analysts are...
    Former administration officials who worked for Presidents George W. Bush and Donald Trump are lobbying President Joe Biden to bring more refugees to the United States. Late last year, then-President Trump set the fiscal year 2021 refugee resettlement cap at 15,000 refugees. This is only a numerical limit and not intended to be a goal for federal officials to reach....
    OAKLAND (CBS SF/BCN) — In a preliminary budget for the 2021 fiscal year, BART notes it requires heavy federal relief funding, but also projects a 7% increase in ridership, the transit agency’s budget officials said Thursday. The preliminary budget projects an increase of $48 million in operating revenue over the $915 million in the agency’s adopted budget for fiscal year...
    Reuters April 20, 2021 0 Comments White House spokeswoman Jen Psaki said on Tuesday the Biden administration expects to set “a large cap soon” for how many refugees it will accept in the remaining months of this fiscal year. President Joe Biden last Friday drew criticism by sticking to a refugee cap of 15,000 set by his predecessor, Donald...