Top California Democrats say they’ve averted a worst-case scenario for struggling Bay Area transit agencies — but only for now. Tucked into the $320 billion state budget agreement that Gov. Gavin Newsom signed last week is a $750 million loan for four local transit agencies to keep operating while they face massive deficits. The loan
PORTSMOUTH — With a casino hotel on the way in Portsmouth, city leaders are using grant funding to help market the city as a destination stay in hopes of boosting tourism-related revenue. Portsmouth received two state grants totaling $42,500 to help broaden marketing efforts to areas across North Carolina and Virginia. The grants will help
With California short of nearly half a million affordable homes and a slew of projects stalled amid adverse market conditions, Sen. Dave Cortese has proposed a bill that would allow the state to use its credit to insure construction and permanent loans for multifamily housing, giving developers access to more favorable interest terms and letting
OAKLAND — Oakland’s interim mayor is delaying the release of a deeply consequential, two-year budget proposal that had been expected to detail how the city would balance a looming $265 million budget shortfall. The move by Interim Mayor Kevin Jenkins comes just two weeks after Oakland’s top finance official quietly resigned from the job she’s
OAKLAND — Nearly six months after Sheng Thao took office, she still owed tens of thousands of dollars to the campaign manager who had helped deliver her a victory. Long-established state law prohibits politicians from using public funds to finance election campaigns, but in newly released records, Thao’s top staffer said her boss had considered
In what officials say would be a financially responsible move, the city may use a portion of a $550 million payout from Chevron to settle some of its unfunded pension liabilities. An annual $50 million payment from the Chevron Richmond Refinery will flow into Richmond’s general fund for the next 10 years as part of