Daily Headlines December 11, 2024
We scan major news sources* and compile selected articles to keep you up-to-date on current issues affecting California business – the economy, health care, environment, transportation and more. Receive Daily Headlines by Email
Today’s Top Story
Business Leaders Urge Newsom to Restore R&D Tax Credit
The California Chamber of Commerce and a coalition of business leaders are urging Governor Gavin Newsom to consider restoring California’s Research and Development (R&D) tax credit as he prepares for his January budget proposal.
Top California News
- California Water Agency Votes to Spend $141 Million on Delta Tunnel Project
The board of California’s largest urban water supplier voted on Tuesday to spend $141.6 million for a large share of the preliminary planning work on the state’s proposed water tunnel in the Sacramento-San Joaquin River Delta. With the decision, the Metropolitan Water District of Southern California will continue covering nearly half of the preconstruction costs for the proposed 45-mile tunnel beneath the Delta, which Gov. Gavin Newsom says the state needs to protect the water supply in the face of climate change and earthquake risks. Los Angeles Times (Subscription required)
- Gov. Gavin Newsom Urges Completion of California’s Largest New
Reservoir Project in 50 Years
Gov. Gavin Newsom on Tuesday reaffirmed his support for building Sites Reservoir, a proposed $4.5 billion project that would be the largest new reservoir constructed in California in 50 years, as a way for cities and farms to better prepare for droughts made worse by the warming climate. The San Jose Mercury News (Subscription required)
- Most Reports Ordered by California’s Legislature This Year Are Shown as Missing
State agencies and commissions assigned to prepare reports to the Legislature on how well new laws are working often fail to submit them on time, or at all. CalMatters (No subscription required)
- California Judges Say They’re Underpaid, and Their New Lawsuit Could Cost Taxpayers Millions
A coalition of them argues the state has been stiffing them for years by mishandling the formula it uses to calculate their wage increases. In a new lawsuit, one such judge is demanding that the state redo the math going back almost a decade to include information that likely would have resulted in bigger raises. The Associated Press (No subscription required)
Top National, International News
- US Inflation Ticked Up Last Month as Some Price Pressures Remain Persistent
Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. The Associated Press (No subscription required)
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