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Workers should see larger paychecks starting in January 2024. Most workers’ pay raises will be processed “before the end of the calendar year,” wrote spokesperson Camille Travis in an email ...
In California, the state minimum wage as of January 1, 2024 was $16 per hour. [6] [note 1] As of July 2024, California had the highest minimum wage of any state and was the highest in the country except for some part of New York (which also have a $16/hour minimum wage) and the District of Columbia (which has a minimum wage of $17.50/hour). [9]
California has a state sales tax of 8.25%, which can total up to 10.75% with local sales tax included. [3] All real property is taxable annually, the tax based on the property's fair market value at the time of purchase or completion of new construction. Property tax increases are capped at 2% per year (see Proposition 13).
This year’s average is $810,000, down 1.5% from 2022. The 2024 projection is both good and bad news. While prices are rising, a big reason is that mortgage interest rates are expected to be ...
The population of California on January 1, 2024, was estimated to be 39,128,186, according to the California Department of Finance.The population increased by 67,024 from 2023, the first rise in population since 2020.
Shelter is consistently one of the largest contributors to the CPI’s all-items increases — in February 2024, shelter inflation rose 5.7 percent, outpacing the overall inflation level of 3.2 ...
In June 2023, the California Supreme Court agreed to hear an appeal to Proposition 22 and determine its constitutionality under the California constitution. [56] In July 2024, the court unanimously upheld the proposition, saying that the state's constitution does not prevent voters from passing initiatives relating to workers' compensation.
The Social Security 2024 COLA increase was a lower 3.2%. Source: Social Security Administration The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press ...