Revenue Hit Predicted For California's Medical Pot MarketRevenue from the sale of medical marijuana is expected to drop from an estimated $2 billion in 2016 to about $1.4 billion next year, according to a study published this year by the University of California Agricultural Issues Center.
General Motors 3Q Profit Nearly DoublesThe automaker posted a net profit of $1.38 billion, or 81 cents per share, from July through September.
Budget Analyst Projects Even Higher Tax RevenueThe state's independent budget analyst predicted Friday that California will collect $2.5 billion more than Gov. Jerry Brown forecasts for the coming fiscal year, giving Democrats a reason to push spending.
Business Owners Complain Of Sharp Revenue Drop During PCH Construction Construction work along Pacific Coast Highway in Santa Monica is being blamed by some local businesses for a steep drop in revenue.
Sports Industry Pulled In $4.1B For LA Economy Last Year, Study Shows Approximately 18.5 million people attended area sports events last year, ranging from major league sports like baseball and basketball, to the L.A. Marathon.
Legislative Leaders Say State Budget Deal Is NearGov. Jerry Brown and the Legislature's Democratic leaders moved close to a state budget deal Monday that is expected to revamp education funding and begin restoring some of the social services cut during the recession.
LA City Council Votes To Put Sales Tax Hike To Voters The Los Angeles City Council on Tuesday tentatively voted to place a proposed sales tax increase before voters next year.
'More Cuts' Or Tax Hike? LA City Council Mulls OptionsThe Los Angeles City Council will consider several tax measures Wednesday, including a motion to ask voters to raise the city's sales tax by one-half percent.
Mayor: 'Perfect Storm' Led To San Bernardino Bankruptcy The mayor of San Bernardino on Wednesday blamed the city's bankruptcy filing on an economic "perfect storm" as officials warned of widespread budget cuts.
OC City Faces Bankruptcy, Unincorporation As Revenues PlungeThe city manager of Stanton says drastic reductions to public services are coming in the face of an annual deficit of over $2.8 million.
Villaraigosa Wants To Drop Taxes To Lure Car Dealers Back To LA Mayor Antonio Villaraigosa wants to lure new car dealers to Los Angeles by eliminating city business taxes for auto dealers.
Charge Inmates To Stay In Jail? Riverside County Eyes $5M Revenue BoostIf you do the time in Riverside County, you better have the dime to pay for it.