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News reports and commentators have cited the state's various legislative supermajority requirements as a contributing factor to the state budget crisis. [23] [24] The state has a long history of supermajority requirements with a 1933 state ballot measure mandating a two-thirds supermajority to pass the state budget and California Proposition 13 (1978) mandating another two-thirds supermajority ...
When Gov. Gavin Newsom returns from his overseas travel, he will find a state whose economy seems to be slowing.
According to the California Department of Food and Agriculture, "California agriculture is a $42.6 billion dollar industry that generates at least $100 billion in related economic activity." [ 37 ] The state's agricultural sales first exceeded $30 billion in 2004, [ 33 ] making it more than twice the size of any other state's agriculture industry.
Events from the year 2009 in the United States. The inauguration of Barack Obama as the president , occurred on January 20. The nation, still recovering from the Great Recession , received various economic stimuli through the American Recovery and Reinvestment Act of 2009 and similar legislation, which most notably gave Americans tax credits .
Stocks fell today after the release minutes from last month's meeting of Federal Reserve governors showing that the central bankers foresee weaker economic conditions this year and a slower ...
The California Legislative Analysts' Office predicted a largely balanced budget outlook in the upcoming fiscal year, but warned about uncertainties. Early outlook suggests $2-billion California ...
An economic indicator is a statistic that conveys certain information about economic activity. Economic indicators allow investors to analyze the economic performance of a state, country or region, as well as make forecasts about future performance. For example, each quarter the United States releases data on gross domestic product (GDP). This ...
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