As a result of this inflation-related minimum wage increase, the minimum wage rate for all employers with California employees will increase from $15.50 to $16. 5 Things You Need to Know The minimum wage increase not only impacts those workers who make minimum wage. Employers should take...
The report said California has the highest residential electricity rates across the country, just behind Hawaii. It found that residential electricity rates in the Golden State are increasing at a faster rate than inflation. The driving factors listed by the report are significant and increasing wildf...
In April in California, inflation was up 7.9 percent, and it's been above 7 percent every month so far in 2022. "The COVID-19 pandemic has resulted in persistent supply chain disruptions and labor market frictions have driven inflation to its highest rate in 40 years. These conditions...
July 12, 198512 AM PT Share The Los Angeles-based subsidiary of Pacific Lighting said that average rates should rise by 6.75% a year, assuming a 5.65% inflation rate, through 2000. SoCal Gas said its gas acquisition costs fell 8% this year and are expected to decline through next year du...
The statewide maximum rent increase percentage changes annually based on the rate of inflation. By state law, landlords in California can only increase the rent twice every 12 months. Landlords cannot increase the rent during the lease term unless the lease agreement allows for it, out of discrim...
California does not have a solar tax credit for 2024. However, all US citizens are eligible for the federal tax credit, which gives you 30% of your installation cost as a credit against your federal taxes. Final Thoughts Investing in solar energy in California remains a financially and envir...
The average homeowners insurance premium jumped 33% from 2020 to 2023, rising from $1,902 per year to $2,530, according to 2024researchfrom economists at the University of Pennsylvania's Wharton School and the University of Wisconsin. By comparison, inflation rose about 18% during t...
They can increase or decrease based on mortgage bond yields, Fed Funds rate, inflation expectations, and more. It’s best to keep an eye on the markets and stay current with current mortgage rates. What is a mortgage lock? A mortgage lock is an agreement between the borrower and lender ...
PG&E spokesperson Lynsey Paulo said the big bump in rates in 2024 should be an anomaly, and PG&E expects to keep future rate increases “at or below” the rate of inflation. The company is trying to reduce costs wherever possible — for example, in 2022, the company cut op...
California’s monthly occupancy rate was 58% (+1% YOY). The state's ADR was $173 (flat YOY), and RevPAR was $100 (+1 YOY). RevPAR for 2024 declined 1% relative to 2023, primarily driven by a 1% decline in ADR for the year. Group room demand in the state declined 3% relative...