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Fewer shoppers were out the day after Christmas, a sign of the economy's current recession. Bargains and sales were everywhere, but people were not splurging. Sales data figures are given by SpendingPulse. (No space between Spending and Pulse)

https://arcadiahistory.andornot.com/en/permalink/newspaper31333
Newspaper
Pasadena Star News
Date
December 27, 2008
Pages
p. A1
Newspaper
Pasadena Star News
Date
December 27, 2008
Pages
p. A1
Subjects
Malls
Recession
Retail
Westfield Shoppingtown Santa Anita
Item ID
31528AN
Collection
Newspaper Index
Less detail

Governor Arnold Schwarzenegger has proposed taking 8% of the property tax that cities receive. That would mean a loss of $1,202,358 for Arcadia. A chart shows how much other local cities may lose.

https://arcadiahistory.andornot.com/en/permalink/newspaper31480
Newspaper
Pasadena Star News
Date
May 21, 2009
Pages
p. A1, A8
Newspaper
Pasadena Star News
Date
May 21, 2009
Pages
p. A1, A8
Subjects
California state budget
Property tax
Recession
Item ID
31674AN
Collection
Newspaper Index
Less detail

Home prices in California have dropped almost 42% from a year ago, November, as a glut of foreclosed homes drove first-home buyers to buy on the bottom end. Statewide, a single-family home cost a median price of $285,680. In Los Angeles County, the San Gabriel Valley housing market is in bad shape. According to the California Association of Realtors, prices around the San Gabriel Valley ranged from lows of $256,000 in La Puente to highs of $692,500 in Arcadia, which saw a slight drop of only 4.8%, compared to last year.

https://arcadiahistory.andornot.com/en/permalink/newspaper31331
Newspaper
Pasadena Star News
Date
December 24, 2008
Pages
p. A1
Newspaper
Pasadena Star News
Date
December 24, 2008
Pages
p. A1
Subjects
Economy
Housing
Real Estate
Recession
Item ID
31526AN
Collection
Newspaper Index
Less detail

The jobless rate in Los Angeles County jumped to 8.4% in October. Countywide, unemployment was up 33,000 in October to 415,000 people. Among San Gabriel Valley cities, Baldwin Park, El Monte and Montebello have the highest numbers of unemployed. A chart shows unemployment in other cities. Arcadia has 1,300, or 4.6% unemployed.

https://arcadiahistory.andornot.com/en/permalink/newspaper31301
Newspaper
Pasadena Star News
Date
November 22, 2008
Pages
p. A1
Newspaper
Pasadena Star News
Date
November 22, 2008
Pages
p. A1
Subjects
Jobless rates
Los Angeles County unemployment
Recession
Item ID
31496AN
Collection
Newspaper Index
Less detail

Los Angeles County's unemployment rate reached 9.9% in December, 2008, according to the California Employment Development Department (EDD). Arcadia's was 1,500, or 5.4% unemployment.

https://arcadiahistory.andornot.com/en/permalink/newspaper31363
Newspaper
Pasadena Star News
Date
January 24, 2009
Pages
p. A4
Newspaper
Pasadena Star News
Date
January 24, 2009
Pages
p. A4
Subjects
Jobless rates
Los Angeles County unemployment
Recession
Item ID
31558AN
Collection
Newspaper Index
Less detail

Public employees' retirement and pensions are costing cities up to 25% of the city budget. In March, CalPERS announced its stock portfolio had lost 39.8%. Costs for retirees are ballooning and El Monte and West Covina budgets have been hit hard from the recession. Arcadia, which had the fourth highest pension costs of the 24 cities surveyed, spent $6.7 million last year for its 357 current employees and retirees. The city's general fund budget is $46 million.

https://arcadiahistory.andornot.com/en/permalink/newspaper31472
Newspaper
Pasadena Star News
Date
May 18, 2009
Pages
p. A1, A4
Newspaper
Pasadena Star News
Date
May 18, 2009
Pages
p. A1, A4
Subjects
City budgets
Pensions
Recession
Retirement benefits
Item ID
31665AN
Collection
Newspaper Index
Less detail

6 records – page 1 of 1.