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➤ The Federal Aviation Administration says it may take enforcement action against California over how the state spends jet fuel tax revenue. At least $650 million in federal funding for eight airports, including SFO, LAX, and Sacramento, is pending as the dispute continues. (More)
➤ Fourteen of the 25 least-affordable U.S. counties are in California, according to a recent housing report. In Orange County, monthly housing costs consume 88% of typical wages; in Los Angeles County, 66%. Median home prices fell year over year in several large California counties, including Alameda, Contra Costa, and Sacramento. (See Report)
➤ Cole’s French Dip, one of the oldest restaurants in Los Angeles, closed Sunday after 118 years, the same day Echo Park’s Taix shuttered after 99 years. Cole’s owners cited rising costs and declining business, while Taix is closing as its property is redeveloped. (More)
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