Riverside County government’s financial condition at the close of the current fiscal year is “stable,” with agencies out of the red but still required to exercise budgetary discipline as cost pressures mount, according to a report the Board of Supervisors received Tuesday.
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US consumers are starting to feel that credit is getting harder to come by, according to survey results released Monday by the Federal Reserve Bank of New York.
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Riverside County government’s financial position going into the second half of the current fiscal year is better than predicted, with discretionary revenue now on track to beat initial estimates by almost $100 million, though agencies are already seeking more money to sustain operations, officials said Tuesday.
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Millions of Americans have student loan debt, amassing to more than $1.6 trillion by the end of last year, according to the Federal Reserve Bank of New York.
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Riverside County government’s financial position going into the second half of the current fiscal year is better than predicted, with discretionary revenue now on track to beat initial estimates by almost $100 million, though cost pressures are impacting operations, according to a report that the Board of Supervisors will review next week.
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Increasing prices for rents and some consumer goods and services throughout the Riverside metropolitan area in the previous two months were offset by lower energy and healthcare bills, but pocketbook pressure was still up 7.5% locally over the last year, federal officials said Tuesday.
