San Francisco May Not Be Able To Afford Eliminating Stock Option Taxes
A new controller's report says eliminating San Francisco's payroll tax on stock options would cost the city up to $75,000 a year in future revenue.
Watch CBS News
A new controller's report says eliminating San Francisco's payroll tax on stock options would cost the city up to $75,000 a year in future revenue.
California and Greece might share enviable weather and postcard-worthy beaches, but their fiscal problems aren't the same.
San Jose's budget woes may already force the city to lay off more than 100 police officers, but proposed cuts could take that number even higher.
Prostitution has been on the rise in Vallejo, and now some neighborhood watch groups are taking matters into their own hands.
Former Mi Pueblo supermarket workers in San Jose are embarking on a two day hunger strike to protest what they say are unjust firings of 300 workers.
Visits to youth groups did not make the agenda during President Barack Obama's trip to the Bay Area, so a group of teenagers came to him Wednesday at San Francisco's Nob Hill Masonic Center.
The end may finally be in sight for the Bay Area foreclosure crisis, as some cities that have suffered the most see their home prices stabilize.
When it comes to creating a favorable climate for business, California's natural environment may be more important than the regulatory one created by state lawmakers, according to new research.
All Bay Area counties showed decreases in jobless rates in February compared to January's numbers, according to a recent report by the state Employment Development Department.
This weekend's Oakland Running Festival brought out thousands of participants while also providing a boost for the local economy.
San Francisco tourism numbers rebounded last year according to a survey by the San Francisco Travel Association.
The state Employment Development Department on Friday reported that California's jobless rate was 12.4 percent in January. That was down slightly from 12.5 percent in December.
A majority of workers in Marin County are commuting to work from outside the county and can't afford to live in the area.
Safeway Inc. returned to a profit in the fourth quarter as price cuts and private label products helped boost the national grocery chain's overall performance.
Formal negotiations begin Thursday between San Francisco Mayor Ed Lee and public employee unions to resolve the city's growing pension and health benefits problem.
There's some more positive news on the local economy: money managers for Bay Area businesses are optimistic on growth in 2011.
On Wednesday, the budget committees of both the California Senate and Assembly plan to meet to try to work out a compromise, and there's word the California may have more money in the coffers than was projected.
Bay Area home sales have dropped since December, but sales are still higher in early 2011 than they were during the same period in 2010, a real estate information service said.
President Barack Obama named Intel CEO Paul Otellini to lead a new advisory council on promoting economic growth and job creation.
San Jose officials are warning of massive layoffs this year as a result of the city's multi-million dollar deficit, which could have a major impact on public safety.
One of the oldest children's stores in the country is selling its final crib. The downfall of Lullaby Lane in San Bruno is another story of a small, family-owned business that just can't compete with the big guys, or online retailers.
A study by the University of Pacific Business Forecasting Center shows that non-farm payroll is expected to increase by 1.5 percent this year in San Jose.
A pair of studies show mixed signs from BART riders: ridership hasn't dropped despite the economy, but rider satisfaction has dropped.
California's Employment Development Department paid a record amount in unemployment benefits last year, as the Golden State's high unemployment rate drove 1.7 million Californians to seek jobless benefits.
Training a generation of young workers for jobs in the green sector and the health industry can help lead the country out of chronically high unemployment, Rep. Barbara Lee said Friday.
