The existing annex of the state Capitol in Sacramento. Photo: (Department of General Services)Sacramento’s core is being transformed by an array of construction and infrastructure improvements — much to the ire of detour-weary motorists. But the centerpiece of the building has nothing to do with the city —it’s the state Capitol’s annex, which contains a hive of government offices.
A photo illustration of a tight budget. <(Image: Syda Productions, via Shutterstock)The rise of unemployment, dwindling tax revenues, emergency spending to fight COVID-19 and renewed fears of wildfires this year are throwing deep strains on the state budget for the new fiscal year that begins just weeks from now.
CalPERS' governing board during a 2013 meeting. (Photo: CalPERS board)Calpensions: A key committee yesterday approved a drop in the often-criticized CalPERS investment earnings forecast, gradually raising record rates already being paid by state and local governments, if approved as expected by the full board today.