While catching up on March’s reading, I spied an encouraging article by Eric Young in the SF Business Times’ 3-6-09 issue. It talks about the stimulus money for CA. It is estimated that CA will be receiving $45 billion from the federal stimulus cash. In addition to the money earmarked for education, infrastructure, unemployment and health care, CA may also receive $35 billion in tax relief. While this represents about 10% of the country’s stimulus package, it’s about 5% of CA’s economy. Approximately 1/3 of that money may be used for discretionary projects, and Bay Area groups have been meeting to plan how the money best be used.

To read more, http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2009/03/09/story9.html

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This post has been included in California Real Estate News

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Pete Chrzaszcz, CCIM

San Ramon, CA

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