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California Politics
[ Wed, Dec 11th 2024 ] - The Nation
Remembering Fred Harris

California economy faces 'many new unknowns' with second Donald Trump term, forecast says


//politics-government.news-articles.net/content/ .. with-second-donald-trump-term-forecast-says.html
Published in Politics and Government on Wednesday, December 11th 2024 at 22:21 GMT by Sacramento Bee   Print publication without navigation

  • California's most recent reported rate, in October, was 5.4%, the second highest state rate in the country. Nevada was first .The national rate was 4.1%. The UCLA Anderson forecast cited four areas where policy could dramatically shape the state's economy: Tariffs, immigration, taxes and regulations.

The article from The Sacramento Bee discusses the ongoing debate over the California Environmental Quality Act (CEQA) and its impact on housing development. CEQA, established in 1970, requires developers to assess and mitigate the environmental impacts of their projects, but critics argue that it has been weaponized to delay or block housing projects, exacerbating California's housing crisis. Recent legislative efforts, like Senate Bill 8, have aimed to streamline housing development by limiting CEQA's scope in certain urban infill projects. However, these reforms have met with resistance from environmental groups and some local governments who fear that weakening CEQA could lead to unchecked development and environmental degradation. The article highlights the tension between the need for more housing and the desire to protect the environment, with Governor Newsom and state legislators pushing for changes to CEQA to facilitate quicker housing construction while still maintaining environmental protections.

Read the Full Sacramento Bee Article at:
[ https://www.sacbee.com/news/politics-government/capitol-alert/article296923094.html ]

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