HomeMy WebLinkAboutMINUTES-2/3/2026-BOSTuesday, February 3, 2026
9:00 AM
CONTRA COSTA COUNTY
Antioch City Hall | 200 H Street, Antioch, CA 94509
AGENDA
SPECIAL MEETING
BOARD RETREAT
BOARD OF SUPERVISORS
Supervisor John Gioia, District I
Supervisor Candace Andersen, District II
Supervisor Diane Burgis, District III
Supervisor Ken Carlson, District IV
Supervisor Shanelle Scales-Preston, District V
Clerk of the Board (925) 655-2000
clerkoftheboard@cob.cccounty.us
1
BOARD OF SUPERVISORS AGENDA February 3, 2026
The public may attend the Board meeting in person and remotely via call-in or Zoom. Board meetings
are televised live on Comcast Cable 27, ATT/U-Verse Channel 99, and WAVE Channel 32, and can be
seen live online at www.contracosta.ca.gov. Meetings of the Board are closed-captioned in real time .
For real time translation of the Board of Supervisors meeting, please go to the Wordly website :
https://attend.wordly.ai/join/UPPW-1508.
Persons who wish to address the Board during public comment or with respect to an item on the agenda
may comment in person or may call in during the meeting by dialing 1 855-758-1310. A caller should
indicate they wish to speak on an agenda item by pushing "#2" on their phone. Persons who wish to
address the Board in person should complete the form provided for that purpose. Access via Zoom is
also available using the following link: https://cccounty-us.zoom.us/j/81863939331. Those participating
via Zoom should indicate they wish to speak on an agenda item by using the “raise your hand” feature in
the Zoom app. To provide contact information, please contact Clerk of the Board at
clerkoftheboard@cob.cccounty.us or call 925-655-2000. If the Zoom connection malfunctions for any
reason, the meeting may be paused while a fix is attempted. If the connection is not reestablished, the
Board will continue the meeting in person without remote access .
Public comments generally will be limited to two minutes per speaker. In the interest of facilitating the
business of the Board, the total amount of time that a member of the public may use in addressing the
Board on all agenda items is 10 minutes. Your patience is appreciated.
A lunch break or closed session may be called at the discretion of the Board Chair. Staff reports related
to open session items on the agenda are also accessible online at www .contracosta.ca.gov.
1.CALL TO ORDER; ROLL CALL
2.PLEDGE OF ALLEGIANCE
3.Inspirational Thought-
"Success is the sum of small efforts, repeated." ~R. Collier
4.WELCOME (Chair Diane Burgis)
5.CONSIDER CONSENT ITEMS (Items listed as C.1 through C.70 on the following
agenda) – Items are subject to removal from Consent Calendar by request of any
Supervisor. Items removed from the Consent Calendar will be considered with the
Discussion Items at our meeting on February 10, 2026.
6.PRESENTATIONS
PR.1 PRESENTATION to acknowledge African American Mental Health Awareness Week
and Miles Hall and Tyrell Wilson’s Days of Remembrance. (Supervisor Burgis)
7.DISCUSSION ITEMS
Page 1 of 16
2
BOARD OF SUPERVISORS AGENDA February 3, 2026
D.1.ACCEPT report from Beacon Economics entitled “Federal Deficits, Tech
Bubbles and the California Outlook: Focus on Contra Costa County.”
(Christopher Thornberg, Beacon Economics)
26-451
1_Beacon_Retreat presentation_FINALAttachments:
D.2.ACCEPT report on County budget development considerations for fiscal
year 2026-2027 and beyond. (Monica Nino, County Administrator and
Adam Nguyen, County Finance Director)
26-453
2_Board Retreat 2026_CAO Presentation_FINALAttachments:
D.3.RECEIVE presentation from the California County Welfare Directors
Association entitled “Mitigating Harm in the Face of H .R. 1
Implementation.” (Carlos Marquez, CWDA Executive Director and Marla
Stuart, Employment and Human Services Director)
26-454
CWDA - Retreat presentationAttachments:
8.BREAK FOR LUNCH
9.CLOSED SESSION AGENDA
A.CONFERENCE WITH LABOR NEGOTIATORS (Gov. Code § 54957.6)
1.Agency Negotiators: Monica Nino.
Employee Organizations: Public Employees Union, Local 1; AFSCME Locals 512 and 2700; California
Nurses Assn.; SEIU Locals 1021 and 2015; District Attorney Investigators’ Assn.; Deputy Sheriffs
Assn.; United Prof. Firefighters I.A.F.F., Local 1230; Physicians’ & Dentists’ Org. of Contra Costa;
Western Council of Engineers; United Chief Officers Assn.; Contra Costa County Defenders Assn.;
Contra Costa County Deputy District Attorneys’ Assn.; Prof. & Tech. Engineers IFPTE, Local 21; and
Teamsters Local 856.
2.Agency Negotiators: Monica Nino.
Unrepresented Employees: All unrepresented employees.
10.RESUME OPEN SESSION
D.4 RECEIVE presentation from the California Association of Public
Hospitals and Health Systems entitled “Navigating Change: Impacts of
Federal & State Policy on California’s Public Hospitals and Health Care
Systems.” (Erica Murray, President & CEO, CA Association of Public
Hospitals & Health Systems)
26-452
4_CAPH_Retreat presentation_FINALAttachments:
Page 2 of 16
3
BOARD OF SUPERVISORS AGENDA February 3, 2026
D.5 ACCEPT report on status of County Capital Projects. (Eric Angstadt,
Chief Assistant County Administrator)
26-434
5_Capital Projects Presentation_FINALAttachments:
D.6 PUBLIC COMMENT (2 Minutes/Speaker)
11.WRAP-UP AND CLOSING COMMENTS (Chair, Diane Burgis)
12.ADJOURN
13.CONSENT CALENDAR
Agriculture/Weights and Measures
C.1.APPROVE and AUTHORIZE the Agricultural Commissioner, or
designee, to execute a contract with Celtic Dog Kennels, LLC in an
amount not to exceed $12,000 for dog boarding services for the
Agriculture Dog Team Program for the period January 1, 2026,
through June 30, 2026. (100% State)
26-435
C.2.APPROVE and AUTHORIZE the Agricultural Commissioner, or
designee, to execute a contract with East Bay Regional Parks District
to pay the County an amount not to exceed $45,000 for the County to
treat invasive weeds in assigned locations for the period of January 1,
2026, through December 31, 2026. (100% East Bay Regional Parks
District)
26-436
Board of Supervisors
C.3.AUTHORIZE each Supervisorial District Office to be staffed with up
to six (6) support staff at the discretion of each District Supervisor, as
recommended by Supervisors Carlson and Gioia. (100% General
Fund)
26-450
Clerk of the Board
C.4.ADOPT Resolution No. 2026-27 acknowledging African American
Mental Health Awareness Week and Miles Hall and Tyrell Wilson’s
Days of Remembrance, as recommended by Supervisor Burgis.
RES 2026-27
C.5.ACCEPT the Contra Costa County Measure X Community Advisory
Board (MXCAB) 2025 Advisory Body Annual Report.
26-437
MXCAB Advisory Body Annual Report_2025_FINAL.pdfAttachments:
C.6.ACCEPT the resignation of Cate Burkhart, DECLARE a vacancy in
the City of Richmond seat on the Advisory Council on Aging for a
term ending September 30, 2026, and DIRECT the Clerk of the Board
to post the vacancy, as recommended by the Employment and Human
Services Director.
26-438
Page 3 of 16
4
BOARD OF SUPERVISORS AGENDA February 3, 2026
C.7.ACCEPT the resignations of Sarah Chodakewitz, Brandy Leidgen, and
Richard Johnson, DECLARE vacancies in the Business Seat #6 for a
term ending June 30, 2026, and the Business Seat #8 and Government,
Economic, & Community Development Seat #2 for terms ending June
30, 2028, and DIRECT the Clerk of the Board to post the vacancies as
recommended by the Employment and Human Services Director .
26-439
C.8.ACCEPT the resignation of Jelani Killings, DECLARE a vacancy in
the City of Pittsburg Seat #1 on the Los Medanos Health Advisory
Committee (LMHAC) for a term ending on December 31, 2026, and
APPOINT Arlene Kobata to the City of Pittsburg Seat #2, Emily
Gerber, PhD to the Behavioral Health Division Seat, and Saima Shah
to the Bay Point MAC, Seat #2 on the LMHAC all with terms ending
December 31, 2027, and DIRECT the Clerk of the Board to post the
vacancy, as recommended by the Health Services Director .
26-440
C.9.APPOINT Michael deNu to the C2 Air Medical Transportation
Provider (Contra Costa Authorized) Representative seat on the
Emergency Medical Care Committee for a term ending September 30,
2026, as recommended by the Health Services Director.
26-441
C2 - Michael deNu_RedactedAttachments:
C.10.APPOINT Dr. Fredrick Lee II to the member seat and Ms. Antwanisha
Hicks, Mr. Kim Jones, and Ms. Patt Young to the alternate seats on the
Ad Hoc African American Holistic Wellness and Resource Hub
Transitional Community Advisory Body, as recommended by the
Equity Committee.
26-442
Lee, Fredrick_Redacted
Hicks, Antwanisha_Redacted
Jones, Kim_Redacted
Young, Patt_Redacted
Attachments:
Clerk-Recorder/Elections
C.11.APPROVE the commutation of the Elections Capital Replacement
Surcharge assigned fund balance designation to an Elections
Technology Surcharge fund balance designation, as recommended by
the Clerk-Recorder. (100% General Fund)
26-448
County Administration
C.12.APPROVE Budget Amendment No. BDA-26-00003 to transfer
appropriations in the amount of $181,200 from Agriculture-Weights &
Measures (0335) to the Recorder (0355) and Plant Acquisition (0111)
to correct for an error in the FY25-26 technical adjustments. (100%
General Fund)
26-455
BDA-26-00003.pdfAttachments:
Page 4 of 16
5
BOARD OF SUPERVISORS AGENDA February 3, 2026
C.13.APPROVE and AUTHORIZE the County Administrator, or designee,
to execute a change order to increase the payment limit by $1 million
dollars, to a new payment limit of $24.5 million dollars with Sletten
Construction Company, a Montana Corporation, for the West County
Detention Facility Accessible Room Conversion (WARC) project to
allow for additional replacement of facility infrastructure, fixtures and
finishes at all housing units. (100% General Fund)
26-456
C.14.APPROVE and AUTHORIZE the Board Chair to sign an amendment
to the Employment Agreement between the County and the County
Administrator Monica Nino, effective February 3, 2026, to authorize a
modification of the agreement's vacation buy-back provision.
26-457
District Attorney
C.15.APPROVE and AUTHORIZE the Purchasing Agent or designee to
execute, on behalf of the District Attorney, a purchase order and
related service agreement with Verizon Wireless Services, LLC in an
amount not to exceed $45,000 for wireless and internet services for
mobile devices, for the period January 1, 2026 through December 31,
2026. (100% General Fund)
26-443
Employment & Human Services
C.16.ADOPT Resolution No. 2026-31 to approve and authorize the
Employment and Human Services Department Director, or designee,
to execute a revenue amendment with the State of California
Department of Community Services and Development to increase
funding by $550,010 for a new payment limit not to exceed $3,164,964
and extend the termination date from June 30, 2027, to June 30, 2029,
for the Department of Energy Infrastructure Investment and Jobs Act
Weatherization Assistance Program. (100% Federal)
RES 2026-31
C.17.APPROVE and AUTHORIZE the Employment and Human Services
Director, or designee, to execute a contract renewal with The Glen
Price Group in an amount not to exceed $499,890 to provide funding
opportunity and executive order monitoring, grant writing and strategic
planning services for the period July 1, 2025, through June 30, 2026.
(100% County)
26-445
C.18.APPROVE and AUTHORIZE the submittal of the Contra Costa
County Area on Aging 2025-2026 Area Plan Update on Aging for
services under the Older Americans Act and other State funded
programs to the California Department of Aging and AUTHORIZE
Diane Burgis, Board of Supervisors Chair, to sign the Letter of
Transmittal. (No fiscal impact)
26-446
PSA 07 Area Plan Update 25-26 - CDA APPROVED
APU 25-26 Transmittal Letter
Attachments:
Page 5 of 16
6
BOARD OF SUPERVISORS AGENDA February 3, 2026
C.19.APPROVE and AUTHORIZE the Purchasing Agent, or designee, to
execute on behalf of the Employment and Human Services
Department, a purchase order and related agreement with Pitney
Bowes Global Financial Services LLC in an amount not to exceed
$4,000 for continued mailing essentials for the period December 1,
2025, through April 29, 2028. (61% State, 39% Federal)
26-447
Health Services
C.20.APPROVE and AUTHORIZE the Purchasing Agent, or designee, to
execute on behalf of the Health Services Director, a purchase order
amendment with Progress Software Corporation to update the term to
September 30, 2025 through September 29, 2026 and for consecutive
annual renewals thereafter unless terminated, with no change to the
payment limit for a web application to monitor network services .
(100% Hospital Enterprise Fund I)
26-407
C.21.APPROVE and AUTHORIZE the Purchasing Agent, or designee, to
execute on behalf of the Health Services Director, a purchase order
with Verathon, Inc., in an amount not to exceed $17,573 and related
agreements for the purchase of the GlideScope (GS) Core 15 Monitor,
GS Core Smart Cable, and upgrade warranties for Contra Costa
Regional Medical Center for the period July 1, 2025 through August 1,
2028. (100% Hospital Enterprise Fund I)
26-408
C.22.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract with Robert J. Liebig, M.D., in an
amount not to exceed $3,300,000 to provide radiology services at
Contra Costa Regional Medical Center and Health Centers for the
period January 1, 2026 through December 31, 2028. (100% Hospital
Enterprise Fund I)
26-409
C.23.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract with Kaiser Foundation Health Plan,
Inc., to pay County an amount not to exceed $85,000 for the County’s
Population Needs Assessment, Community Health Improvement Plan
and Community Health Assessment project for the period July 1, 2025
through June 30, 2026. (No County match)
26-410
C.24.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract with Housing Consortium of the East
Bay, in an amount not to exceed $2,299,356 to provide the Antioch
Executive Inn Interim Housing Program for adult-only households
experiencing homelessness in Contra Costa County for the period July
1, 2025 through April 30, 2027. (100% Encampment Resolution
Funding)
26-411
Page 6 of 16
7
BOARD OF SUPERVISORS AGENDA February 3, 2026
C.25.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract with YOLI, in an amount not to exceed
$300,000 to provide Behavioral Health Treatment (BHT) including
Applied Behavioral Analysis (ABA) services to Contra Costa Health
Plan members and County recipients for the period February 1, 2026
through January 31, 2028. (100% Contra Costa Health Plan Enterprise
Fund II)
26-412
C.26.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract with the County of Alameda, to pay
Contra Costa County an amount not to exceed $1,546,699 for
coordination of essential services to Contra Costa County residents
with HIV disease and their families for the period March 1, 2025
through February 28, 2026. (25% County Match)
26-413
C.27.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract with California Mental Health Services
Authority (CalMHSA), in an amount not to exceed $326,561 to
provide fiscal intermediary services to fund a Loan Repayment
Program for educational debt to recruit and retain hard-to-fill positions
in the public behavioral health system effective upon execution
through June 30, 2026. (100% Mental Health Services Act)
26-414
C.28.APPROVE and AUTHORIZE the Purchasing Agent, or designee, to
execute on behalf of the Health Services Director, a purchase order
with Tomahawk Information Solutions, in an amount not to exceed
$380,000 and an amendment to the Nasuni Master Subscription and
Services Agreement to amend the termination provisions for the
purchase of the Nasuni File Data Platform to manage Contra Costa
Health’s data systems, for the period February 15, 2026 through
February 14, 2031. (100% Hospital Enterprise Fund I)
26-415
C.29.APPROVE and AUTHORIZE the Purchasing Agent, or designee, to
execute on behalf of the Health Services Director, a purchase order
with GE Precision Healthcare LLC, in an amount not to exceed
$18,322 and related agreements for the purchase of an X-Ray Tube
Unit for Contra Costa Regional Medical Center. (100% Hospital
Enterprise Fund I)
26-416
C.30.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract amendment with Jiva Health, Inc, to
increase the payment limit by $1,000,000 to an amount not to exceed
$10,000,000 for additional primary care physician, medical specialist,
and non-physician care services with no change in the term ending
December 31, 2027. (100% Contra Costa Health Plan Enterprise Fund
II)
26-417
Page 7 of 16
8
BOARD OF SUPERVISORS AGENDA February 3, 2026
C.31.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract amendment with Health Management
Associates, Inc., to increase the payment limit by $4,500,000 to an
amount not to exceed $5,971,000, and extend the termination date
through June 30, 2029, to provide additional consultation and technical
assistance services with regard to implementation of the Medicaid
Dual Eligible Special Needs Plan (D-SNP), and to modify the contract
provisions to include Department of Managed Health Care (DMHC)
required language concerning D-SNP obligations and requirements .
(100% Contra Costa Health Plan Enterprise Fund II)
26-418
C.32.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract amendment with National Labs Inc, to
increase the payment limit by $150,000 to an amount not to exceed
$350,000 for additional laboratory services with no change in the term
ending September 30, 2026. (100% Contra Costa Health Plan
Enterprise Fund II)
26-419
C.33.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract with Schick Chiropractic Inc, in an
amount not to exceed $780,000 to provide chiropractic services at
Contra Costa Regional Medical Center and Health Centers for the
period January 1, 2026 through December 31, 2028. (100% Hospital
Enterprise Fund I)
26-420
C.34.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract amendment with Health Management
Associates, Inc., to provide additional actuarial consulting services to
CCHP and modify the contract provisions to include Dual Eligible
Special Needs Plan (D-SNP) obligations and requirements to conform
to Department of Managed Health Care (DMHC) requirements, with
no change in the payment limit of $3,820,000 or term ending
September 30, 2026. (100% Contra Costa Health Plan Enterprise Fund
II)
26-421
C.35.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract with William J. Glenski, M .D. (dba
WJGlenski), in an amount not to exceed $600,000 to provide radiology
services for Contra Costa Regional Medical Center and Health Center
patients for the period January 1, 2026 through December 31, 2027.
(100% Hospital Enterprise Fund I)
26-422
Page 8 of 16
9
BOARD OF SUPERVISORS AGENDA February 3, 2026
C.36.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract amendment with National Research
Corporation (dba NRC Health), to provide additional patient
satisfaction survey services required by the California Department of
Public Health (CDPH) for Contra Costa Regional Medical Center and
Health Centers with no change in the payment limit of $600,000 or
term ending June 30, 2027. (100% Hospital Enterprise Fund I)
26-423
C.37.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract with Pacific HealthEdge, in an amount
not to exceed $1,652,100 to provide Chief Digital Officer services and
professional managerial, technical support, training, and consulting
services to the Health Services Information Systems Unit for the
period July 1, 2026 through June 30, 2029. (100% Hospital Enterprise
Fund I)
26-424
C.38.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract with United Language Group, Inc ., in
an amount not to exceed $1,355,000 to provide written language
translation services for the County’s Health Services Department for
the period December 1, 2025 through November 30, 2028. (100%
Hospital Enterprise Fund I)
26-425
C.39.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract with Michael C. Gynn, M.D., in an
amount not to exceed $2,656,000 to provide general surgery services at
Contra Costa Regional Medical Center and Health Centers for the
period January 1, 2026 through December 31, 2028. (100% Hospital
Enterprise Fund I)
26-426
C.40.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract with Lee A. Shratter, M .D., in an
amount not to exceed $2,400,000 to provide radiology services at
Contra Costa Regional Medical Center and Health Centers for the
period January 1, 2026 through December 31, 2028. (100% Hospital
Enterprise Fund I)
26-427
C.41.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract with Ramon Berguer, M .D., in an
amount not to exceed $1,410,000 to provide general surgery services at
Contra Costa Regional Medical Center and Health Centers for the
period January 1, 2026 through December 31, 2028. (100% Hospital
Enterprise Fund I)
26-428
Page 9 of 16
10
BOARD OF SUPERVISORS AGENDA February 3, 2026
C.42.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a contract with David H. Raphael, M .D., in an
amount not to exceed $2,490,000 to provide general surgery physician
services at Contra Costa Regional Medical Center and Health Centers
for the period January 1, 2026 through December 31, 2028. (100%
Hospital Enterprise Fund I)
26-429
C.43.APPROVE and AUTHORIZE the Health Services Director, or
designee, to execute a Memorandum of Understanding with Kaiser
Foundation Health Plan, Inc, to govern the coordination of medical
care services between the County’s Public Health Division and Kaiser
for Kaiser's members who reside in Public Health's jurisdiction,
effective June 1, 2025 and will automatically renew annually until
such time it is terminated by either party. (Non-financial agreement)
26-430
C.44.APPROVE the list of providers recommended by Contra Costa Health
Plan's Medical Director and the Health Services Director on December
15 and 31, 2025, as required by the State Departments of Health Care
Services and Managed Health Care, and the Centers for Medicare and
Medicaid Services. (No fiscal impact)
26-431
Provider Lists-December 15 & 31, 2025Attachments:
C.45.Acting as the Governing Board of the West Contra Costa Healthcare
District, APPROVE and AUTHORIZE the West Contra Costa
Healthcare District Executive Director, or designee, to pay an amount
not to exceed $1,002,663 to Tenet Healthcare Corporation for the
pass-through of 2003 MediCare/Medi-Cal claim payments due under
the Hospital Transition Agreement between the District and Tenet .
(100% Federal Medicare/Medi-Cal )
26-432
C.46.Acting as the governing board of the West Contra Costa Healthcare
District, APPROVE and AUTHORIZE the West Contra Costa
Healthcare District Executive Director, or designee, to execute a
contract with Vickie Lee Scharr, in an amount not to exceed $260,000
to provide consultation, technical support and planning services with
regard to the West Contra Costa Healthcare District for the period
January 1, 2026 through December 31, 2026. (100% West Contra
Costa Healthcare District)
26-433
Human Resources
C.47.APPOINT Susan Brajkovic as Director of Risk Management – Exempt
of Contra Costa County at step 4 of 5 ($20,062.09/month) of the salary
range, including all benefits as provided in the current Management
Resolution that apply to the position of Director of Risk Management
– Exempt, effective February 3, 2026, as recommended by the County
Administrator. (100% Insurance Internal Service Funds)
26-458
Page 10 of 16
11
BOARD OF SUPERVISORS AGENDA February 3, 2026
Library
C.48.APPROVE and AUTHORIZE the County Librarian, or designee, to
accept a donation in the amount of $20,000 from Library Foundation
of Contra Costa for the purchase of books and materials to expand the
Filipino, Vietnamese, and Chinese language collections. (Library
Fund, no County match)
26-188
C.49.APPROVE and AUTHORIZE the County Librarian to close the
Lafayette Library to the public on Friday, April 24, 2026, at 3:00 p.m.
instead of 5:00 p.m. under normal business hours, to host the annual
Lafayette Library and Learning Center Foundation’s annual gala. (No
fiscal impact)
26-405
C.50.APPROVE and AUTHORIZE the County Librarian to close the
Walnut Creek Library to the public at 3:00 p.m. instead of 5:00 p.m.
under normal business hours on Saturday, April 25, 2026, to host the
annual fundraising event, as requested by the Walnut Creek Library
Foundation. (No fiscal impact)
26-406
Public Defender
C.51.RATIFY the Public Defender's execution of a Professional Services
Agreement and execution of a First Amendment to the Professional
Services Agreement with Policing Equity for data collection services
and qualitative analysis of social determinants from volunteer clients,
and APPROVE and AUTHORIZE a Second Amendment to the
Professional Services Agreement to extend the term through December
31, 2026 to continue assessing client services and outcomes and
develop an implementation strategy. (No fiscal impact)
26-449
Public Works
C.52.ADOPT Resolution No. 2026-28 accepting completion of
improvements for the Subdivision Agreement and release of cash
deposit for urban lot split minor subdivision MS23-00019 for a project
developed by Sargent and Deborah Kennedy, as recommended by the
Public Works Director, Alamo area. (100% Developer Fees)
RES 2026-28
C.53.ADOPT Resolution No. 2026-29 approving and authorizing the Public
Works Director, or designee, to fully close a portion of Morgan
Territory Road, between Finley Road and 7007 Morgan Territory
Road, on February 5, 2026, from 8:00 a.m. through 5:00 p.m., for the
purpose of replacing a utility pole. Clayton area. (No fiscal impact)
RES 2026-29
Page 11 of 16
12
BOARD OF SUPERVISORS AGENDA February 3, 2026
C.54.ADOPT Resolution No. 2026-30 accepting completion of landscape
improvements without the need of a warranty period for subdivision
SD16-09301, for a project developed by Shapell Industries, Inc., as
recommended by the Public Works Director, San Ramon (Dougherty
Valley) area. (No fiscal impact)
RES 2026-30
C.55.ACCEPT the 2025 Semi-Annual Report of Real Estate Acquisition
Acceptances dated July 1, 2025, through December 31, 2025,
approved by the Public Works Director as submitted, Countywide.
(100% Various Funds)
26-389
2025 Semi-Annual Acceptance ReportAttachments:
C.56.AMEND the Board Action of November 4, 2025 (C. 92), which
approved individual purchase orders with ELD Experts, LLC and Safe
House Corp., in an amount not to exceed $3,000,000 for each purchase
order, to supply Verkada security system parts and equipment on an
as-needed basis, for the period December 1, 2025 through November
31, 2030, Countywide, to reference that the purchase orders are subject
to the terms of Verkada’s End User Agreement. (100% General Fund)
26-390
C.57.APPROVE and AUTHORIZE the Public Works Director, or designee,
to execute a contract with Nick Barbieri Trucking, LLC, in an amount
not to exceed $500,000, to provide bulk fuel for regular unleaded,
renewable diesel, diesel # 2, and red diesel # 2, for the period of
February 1, 2026 through January 31, 2029, Countywide. (100% Fleet
Internal Service Fund)
26-391
C.58.APPROVE and AUTHORIZE the Public Works Director, or designee,
to execute a contract with AAA Oil, Inc., in an amount not to exceed
$2,000,000, to provide bulk fuel for regular unleaded, renewable
diesel, diesel # 2, and red diesel # 2, for the period of February 1, 2026
through January 31, 2029, Countywide. (100% Fleet Internal Service
Fund)
26-392
C.59.APPROVE and AUTHORIZE the Public Works Director, or designee,
to execute a lease between the County, as lessee, and SPPI
Commercial, LLC, as lessor, for approximately 7,813 square feet of
fully furnished office space located at 1850 Gateway Boulevard, Suite
1000 in Concord for the Employment and Human Services Department
for a 16-month term at an initial annual rent of $210,951. (100%
General Fund)
26-393
1850 Gateway Blvd Ste 1000 - LeaseAttachments:
Page 12 of 16
13
BOARD OF SUPERVISORS AGENDA February 3, 2026
C.60.APPROVE and AUTHORIZE the Public Works Director, or designee,
to execute a contract amendment with AssetWorks Inc., effective
December 22, 2025, to increase the payment limit by $200,000 to a
new payment limit of $806,282, with no change to the term, for hosted
fleet management software, upgrade services, and maintenance
support, Countywide. (100% Fleet Internal Service Fund)
26-394
C.61.Acting as the governing body of the Contra Costa County Flood
Control and Water Conservation District, APPROVE and
AUTHORIZE the Chief Engineer, or designee, to execute a funding
agreement with the City of Richmond, effective February 4, 2026, to
pay the District $780,000 in City funds for the Wildcat Creek Fish
Passage Implementation Project, North Richmond area. (34%
California Department of Water Resources Funds, 28% US
Environmental Protection Agency Funds, 38% other State and Local
Grant Funds)
26-395
Funding Agreement with City of Richmond for Wildcat Creek Fish
Passage Implementation Project
Attachments:
C.62.DECLARE as surplus and AUTHORIZE the Purchasing Agent, or
designee, to dispose of fully depreciated vehicles and equipment no
longer needed for public use, as recommended by the Public Works
Director, Countywide. (No fiscal impact)
26-396
Surplus Vehicles and EquipmentAttachments:
Risk Management
C.63.RECEIVE report concerning the final settlement of Katiana Ron vs .
Contra Costa County; and AUTHORIZE payment from the Workers'
Compensation Internal Service Fund in an amount not to exceed
$76,110 as recommended by the Director of Risk Management. (100%
Workers' Compensation Internal Service Fund)
26-397
C.64.RECEIVE report concerning the final settlement of Anabel Appelgren
vs. Contra Costa County; and AUTHORIZE payment from the
Workers' Compensation Internal Service Fund in an amount not to
exceed $98,000 as recommended by the Director of Risk Management .
(100% Workers' Compensation Internal Service Fund)
26-398
C.65.DENY claims filed by Kierie Aramayo; and San Ramon Regional
Medical Center for Magodesah Bahar. DENY amended claim filed by
Carlos Mario Falla Noscue.
26-399
C.66.Acting as the governing board of the Contra Costa County Fire
Protection District, DENY claim filed by Farmer's Insurance
Exchange, a subrogee of Mitch Brown.
26-400
Sheriff
Page 13 of 16
14
BOARD OF SUPERVISORS AGENDA February 3, 2026
C.67.APPROVE and AUTHORIZE the Purchasing Agent, or designee, to
execute on behalf of the Sheriff-Coroner, a purchase order with
Caltronics Business Systems in an amount not to exceed $40,000, and
ACCEPT an End User License Agreement for the use of Square9
Global Search software for digitization, storage, and document
management, for the period May 1, 2025 through April 30, 2028.
(100% General Fund)
26-401
C.68.APPROVE and AUTHORIZE the Purchasing Agent, or designee, to
execute on behalf of the Sheriff-Coroner, a purchase order with
LexisNexis, a division of RELX Inc., in an amount not to exceed
$36,000, and ACCEPT a Master Prison Solutions Agreement to
facilitate access to the courts law services for inmates in the Contra
Costa County Sheriff detention facilities, for the period January 1,
2026 through December 31, 2027. (100% General Fund)
26-402
C.69.APPROVE and AUTHORIZE the Purchasing Agent, or designee, to
execute on behalf of the Sheriff-Coroner, a purchase order with
Stormwinds, LLC in an amount not to exceed $15,000 and ACCEPT
terms and conditions for the annual renewal of enterprise training
licenses for the period December 22, 2025 through June 22, 2027.
(100% General Fund)
26-403
C.70.APPROVE and AUTHORIZE the Purchasing Agent, or designee, to
execute on behalf of the Sheriff-Coroner, a purchase order with Qiagen
LLC, in an amount not to exceed $207,794 and ACCEPT a Terms and
Conditions for validation services, preventative maintenance, extended
warranty and repairs for the automated sample handling systems used
in extraction and purification processes during DNA analysis, for the
period March 8, 2025 through May 4, 2027. (100% General Fund)
26-404
Page 14 of 16
15
BOARD OF SUPERVISORS AGENDA February 3, 2026
GENERAL INFORMATION
The Board meets in all its capacities pursuant to Ordinance Code Section 24-2.402.
Any disclosable public records related to an open session item on a regular meeting agenda and
distributed by the Clerk of the Board to a majority of the members of the Board of Supervisors less than
96 hours prior to that meeting are available for public inspection at 1025 Escobar Street, First Floor,
Martinez, CA 94553, during normal business hours.
All matters listed under CONSENT ITEMS are considered by the Board to be routine and will be
enacted by one motion. There will be no separate discussion of these items unless requested by a
member of the Board before the Board votes on the motion to adopt. Each member of the public will be
allowed two minutes to comment on the entire consent agenda .
Persons who wish to speak on matters set for PUBLIC HEARINGS will be heard when the Chair calls
for public testimony. Each speaker during public testimony will be limited to two minutes. After public
testimony, the hearing is closed and the matter is subject to discussion and action by the Board .
Comments on matters listed on the agenda or otherwise within the purview of the Board of Supervisors
can be submitted to the office of the Clerk of the Board via mail: Board of Supervisors, 1025 Escobar
Street, First Floor, Martinez, CA 94553 or to clerkoftheboard@cob.cccounty.us.
In the interest of facilitating the business of the Board, the total amount of time that a member of the
public may use in addressing the Board on all agenda items is 10 minutes.
Time limits for public speakers may be adjusted at the discretion of the Chair .
The County will provide reasonable accommodations for persons with disabilities planning to attend
Board meetings who contact the Clerk of the Board at least 24 hours before the meeting, at (925)
655-2000.
Anyone desiring to submit an inspirational thought nomination for inclusion on the Board Agenda may
contact the Office of the County Administrator or Office of the Clerk of the Board, 1025 Escobar Street,
Martinez, California.
Subscribe to receive to the weekly Board Agenda by calling the Office of the Clerk of the Board, (925)
655-2000 or using the County's on line subscription feature at the County’s Internet Web Page, where
agendas and supporting information may also be viewed: https://contra-costa.legistar.com/Calendar.aspx
DISCLOSURE OF CAMPAIGN CONTRIBUTIONS
Pursuant to Government Code section 84308 (the Levine Act), members of the Board of Supervisors are
disqualified and not able to participate in any agenda item involving contracts (except for contracts
exempt from the Levine Act under Government Code section 84308(a)), franchises, discretionary land
use permits and other entitlements, if the Board member received, within the previous 12 months, more
than $500 in campaign contributions from the applicant or contractor, an agent of the applicant or
Page 15 of 16
16
BOARD OF SUPERVISORS AGENDA February 3, 2026
contractor, or any financially interested participant who actively supports or opposes the County’s
decision on the agenda item. Members of the Board of Supervisors who have received, and applicants,
contractors or their agents who have made, campaign contributions totaling more than $500 to a Board
member within the previous 12 months are required to disclose that fact for the official record of the
subject proceeding. Disclosures must include the amount of the campaign contribution and identify the
recipient Board member, and may be made either in writing to the Clerk of the Board of Supervisors
before the subject hearing or by verbal disclosure at the time of the hearing .
BOARD OF SUPERVISORS STANDING COMMITTEES
For more information please visit the Board of Supervisors Standing Committees page here :
https://www.contracosta.ca.gov/8633/Board-of-Supervisors-Standing-Committees
Airport Committee: March 5, 2026 at 10:00 a.m.
Economic Development Committee: April 6, 2026 at 11:00 a.m.
Equity Committee: February 18, 2026 at 9:30 a.m.
Family and Human Services Committee: February 9, 2026 at 10:30 a.m.
Finance Committee: March 2, 2026 at 9:30 a.m.
Internal Operations Committee: Februry 17, 2026 at 10:00 a.m.
Head Start Advisory Committee: March 16, 2026 9:00 a.m.
Legislation Committee: March 20, 2026 at 1:00 p.m.
Los Medanos Healthcare Operations Committee: March 2, 2026 at 1:00 p.m.
Public Protection Committee: February 12, 2026 at 10:00 a.m.
Resilient Shoreline Committee: February 9, 2026 at 9:00 a.m.
Sustainability Committee: March 9, 2026 at 1:00 p.m.
Transportation, Water and Infrastructure Committee : February 23, 2026 at 1:00 p.m.
Glossary of Acronyms, Abbreviations, and other Terms
Contra Costa County has a policy of making limited use of acronyms, abbreviations, and
industry-specific language in its Board of Supervisors meetings and written materials. For a list of
commonly used language that may appear in oral presentations and written materials associated with
Board meetings, please visit https://www.contracosta.ca.gov/8464/Glossary-of-Agenda-Acronyms.
Page 16 of 16
17
CONTRA COSTA COUNTY
Staff Report
1025 ESCOBAR STREET
MARTINEZ, CA 94553
File #:26-451 Agenda Date:2/3/2026 Agenda #:D.1.
To:Board of Supervisors
From:Monica Nino, County Administrator
Report Title:ACCEPT the report from Beacon Economics: "Federal Deficits, Tech Bubbles and the California
Outlook for 2026 - Focus on Contra Costa"
☒Recommendation of the County Administrator ☐ Recommendation of Board Committee
RECOMMENDATIONS:
ACCEPT the report from Beacon Economics: "Federal Deficits, Tech Bubbles and the California Outlook for
2026 - Focus on Contra Costa".
FISCAL IMPACT:
This report is for informational purposes and has no specific fiscal impact.
BACKGROUND:
Attached is the Beacon Economics report: "Federal Deficits, Tech Bubbles and the California Outlook for 2026
- Focus on Contra Costa".
CONSEQUENCE OF NEGATIVE ACTION:
N/A
CONTRA COSTA COUNTY Printed on 1/29/2026Page 1 of 1
powered by Legistar™18
January 2026
Christopher Thornberg, PhD
Founding Partner, Beacon Economics
Social Narratives / Economic Realities
Federal Deficits, Tech Bubbles and
the California Outlook
Focus on Contra Costa County
119
0
50
100
150
200
250
300
350
400
450
500
De
c
-
0
5
De
c
-
0
9
De
c
-
1
3
De
c
-
1
7
De
c
-
2
1
Policy Uncertainty Index
40.0
50.0
60.0
70.0
80.0
90.0
100.0
110.0
120.0
U Mich Consumer Sentiment Index
220
100
5100
10100
15100
20100
Nasdaq Composite Index
$0
$5
$10
$15
$20
$25
$30
$35
$40
Ja
n
-
0
0
Ju
l
-
0
1
Ja
n
-
0
3
Ju
l
-
0
4
Ja
n
-
0
6
Ju
l
-
0
7
Ja
n
-
0
9
Ju
l
-
1
0
Ja
n
-
1
2
Ju
l
-
1
3
Ja
n
-
1
5
Ju
l
-
1
6
Ja
n
-
1
8
Ju
l
-
1
9
Ja
n
-
2
1
Ju
l
-
2
2
Ja
n
-
2
4
Ju
l
-
2
5
U.S. Market Cap $Trillions
NYSE Nasdaq
Robert Shiller CAPE
Cyclically Adjusted Price / Earnings Ratio
Rank Market Cap (approx.)
1 Nvidia ~$3.9–4.2 T
2 Microsoft ~$3.7 T
3 ~$3.2 T
4 Amazon ~$2.3 T
5 ~$2.18 T
6 Meta Platforms ~$1.8 T
7 ~$1.60 T
8 Broadcom ~$1.29 T
9 ~$1.22 T
10 ~$1.05 T
321
Economic Trends: Growth steady despite jobs picture
•Consumer spending up, household finances solid
•Debt markets clean, interest rates are settling down, profits solid
•More fiscal and monetary stimulus being thrown at the economy
Beware the Imbalances
•Strong economy a function of public deficits and tech bubbles
•Risk is a deflating bubble setting off a fiscal crisis
Contra Costa County
•Slow growth in jobs masks solid growth in incomes
•Largest issue for region is lack of housing / shrinking labor force /
competition with West Bay for scarce resources
•Solution: compete differently, using local comparative advantages
False narratives in the way
•Internal resistance to growth holding county back from potential
422
-4
-3
-2
-1
0
1
2
3
4
5
Oc
t
-
0
6
De
c
-
0
7
Oc
t
-
1
3
De
c
-
1
4
Oc
t
-
2
0
De
c
-
2
1
YoY Growth Real GDP 2025
2023 2024 Q1 Q2 Q3
3.38 -0.60 3.80 4.30
3.73 1.50 2.41 2.93
2.03 0.42 1.68 2.39
Goods 0.77 0.04 0.47 0.66
Services 1.27 0.37 1.21 1.74
1.00 1.21 0.77 0.19
Structures 0.51 --0.10 -0.23 -0.19
Equipment 0.16 1.00 0.44 0.29
Intellectual property 0.24 0.34 0.78 0.30
Residential 0.10 -0.04 -0.21 -0.21
Change inventories -0.44 -2.58 -3.44 -0.22
0.08 --4.68 4.83 1.59
Exports 0.25 0.02 -0.20 0.92
Imports -0.17 --4.70 5.03 0.67
0.73 -0.17 -0.01 0.39
Federal 0.22 -0.37 -0.35 0.19
State and local 0.50 0.20 0.33 0.20
523
$30,000
$32,000
$34,000
$36,000
$38,000
$40,000
$42,000
$44,000
$46,000
$48,000
$50,000
Inflation Adjusted Per
Capita Consumption
Up 20% in 10 years
(adjusted for
inflation)
$40,000
$45,000
$50,000
$55,000
$60,000
$65,000
$70,000
$75,000
$80,000
$85,000
$90,000
Real Median HH Income
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
Real Household Net
Worth ($Trillions)
624
$0
$20
$40
$60
$80
$100
$120
Restaurant Retail Sales
0
10
20
30
40
50
60
70
80
90
100
US Revenue Passenger Air
Miles (Bil)
9
10
11
12
13
14
15
16
17
18
19
Auto & Light Truck
Sales
725
Category Q3-25 ($,
000s)
1-Year
Chg. (%)
Chg.
Since Q4-
19 (%)
Total 54,819 -0.6 14.8
Business and Industry 6,819 5.7 46.7
County & State Pool 11,699 2.7 23.2
General Consumer Goods 9,634 1.4 5.6
Fuel and Service Stations 4,948 0.2 6.8
Restaurants and Hotels 6,752 0.1 26.1
Food and Drugs 3,064 -3.3 8.3
Autos and Transportation 7,412 -7.1 -1.3
Building and Construction 4,415 -8.8 8.9
41.0%
42.0%
43.0%
44.0%
45.0%
46.0%
47.0%
48.0%
49.0%
% Discretionary Consumer Spending in
Taxable Goods
826
Taxable Sales Q2-25 ($,
Mil.)
1-Year
Chg. (%)
6-Year
Chg. (%)
Contra Costa County -2.3
Richmond 3.5
Concord 0.1
Pleasant Hill -0.4
Pinole -0.6
Antioch -1.3 -
Brentwood -2.7
Pittsburg -3.0
Walnut Creek -4.1
Danville -5.3
Unin. CC County -6.1
Martinez -7.4
San Ramon -25.3
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
$5,000
$5,500
$6,000
$6,500
$7,000
Q1
-
1
2
Q1
-
1
3
Q1
-
1
4
Q1
-
1
5
Q1
-
1
6
Q1
-
1
7
Q1
-
1
8
Q1
-
1
9
Q1
-
2
0
Q1
-
2
1
Q1
-
2
2
Q1
-
2
3
Q1
-
2
4
Q1
-
2
5
Taxable Sales
Contra Costa San Francisco
San Joaquin
927
$120
$130
$140
$150
$160
$170
$180
$190
$200
$210
$220
$230
$240
$250
$260
$270
$280
$290
Ja
n
-
2
3
Ma
r
-
2
3
Ma
y
-
2
3
Ju
l
-
2
3
Se
p
-
2
3
No
v
-
2
3
Ja
n
-
2
4
Ma
r
-
2
4
Ma
y
-
2
4
Ju
l
-
2
4
Se
p
-
2
4
No
v
-
2
4
Ja
n
-
2
5
Ma
r
-
2
5
Ma
y
-
2
5
Ju
l
-
2
5
Spending on Foreign Travel (Real)
SAAR
Foreign travel by U.S. residents
Expenditures in the United States by nonresidents
0.0
50.0
100.0
150.0
200.0
250.0
300.0
2019 2020 2021 2022 2023 2024 2025
Est.
California Total Visitor Counts
Business Leisure
1028
Location Sep-25
RevPAR ($)
1-
(%)
Chg. since
Dec-19 (%)
United States 97.92 -2.3
San Francisco 143.83 5.9 -
Sacramento 104.97 4.5
New York 276.29 2.6
Wine Country 183.43 -0.2
San Jose 114.73 -0.5 -
Orange County 147.48 -1.1
Oakland 86.05 -2.1 -
Miami 156.05 -5.9
Los Angeles 132.54 -6.4 -
San Diego 145.92 -7.9
Las Vegas 143.31 -8.6
0
20
40
60
80
100
120
140
160
180
Indexed Air Traffic
OAK SFO SJC
1129
$20
$30
$40
$50
$60
$70
$80
$90
Ja
n
-
1
6
Au
g
-
1
6
Ma
r
-
1
7
Oc
t
-
1
7
Ma
y
-
1
8
De
c
-
1
8
Ju
l
-
1
9
Fe
b
-
2
0
Se
p
-
2
0
Ap
r
-
2
1
No
v
-
2
1
Ju
n
-
2
2
Ja
n
-
2
3
Au
g
-
2
3
Ma
r
-
2
4
Oc
t
-
2
4
Ma
y
-
2
5
Real Consumption of Alcohol
Spirits Wine Beer
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
0
200
400
600
800
1,000
1,200
20
0
0
20
0
2
20
0
4
20
0
6
20
0
8
20
1
0
20
1
2
20
1
4
20
1
6
20
1
8
20
2
0
20
2
2
20
2
4
To
t
a
l
(
G
a
l
l
o
n
s
,
M
i
l
.
)
U.S. Wine Consumption
Total Per Resident
1230
County 2018
(Acres)
2024
(Acres)
6-
(%)
San Joaquin 73,239 65,194 -
Sonoma 59,193 58,175 -
Napa 45,433 45,094 -
Monterey 46,116 41,296 -
San Luis Obispo 35,080 35,578
Fresno 37,624 32,183 -
Madera 31,005 26,022 -
Sacramento 24,183 23,848 -
Mendocino 17,512 17,007 -
Kern 17,513 15,484 -
Yolo 14,354 15,056
Santa Barbara 15,563 14,995 -
0
1000
2000
3000
4000
5000
6000
0
10000
20000
30000
40000
50000
60000
70000
80000
US Winery Employment and
Establishments
Wineries Employment
1331
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
CA Average Taxable Sales
per Restaurant
560
580
600
620
640
660
680
700
720
740
20
1
4
20
1
5
20
1
6
20
1
7
20
1
8
20
1
9
20
2
0
20
2
1
20
2
2
20
2
3
20
2
4
Population / Restaurant
CA US
90
95
100
105
110
115
120
125
130
135
20
0
3
20
0
5
20
0
7
20
0
9
20
1
1
20
1
3
20
1
5
20
1
7
20
1
9
20
2
1
20
2
3
Index of Hotel
Establishments
US CA
1432
0
100
200
300
400
500
600
700
06
:
Q
1
07
:
Q
1
08
:
Q
1
09
:
Q
1
10
:
Q
1
11
:
Q
1
12
:
Q
1
13
:
Q
1
14
:
Q
1
15
:
Q
1
16
:
Q
1
17
:
Q
1
18
:
Q
1
19
:
Q
1
20
:
Q
1
21
:
Q
1
22
:
Q
1
23
:
Q
1
24
:
Q
1
25
:
Q
1
Foreclosures and Bankruptcies (000s)
foreclosure bankruptcy
0.0
2.0
4.0
6.0
8.0
10.0
12.0
03
:
Q
1
04
:
Q
2
05
:
Q
3
06
:
Q
4
08
:
Q
1
09
:
Q
2
10
:
Q
3
11
:
Q
4
13
:
Q
1
14
:
Q
2
15
:
Q
3
16
:
Q
4
18
:
Q
1
19
:
Q
2
20
:
Q
3
21
:
Q
4
23
:
Q
1
24
:
Q
2
25
:
Q
3
Debt in Serious DQ (%)
AUTO CC HELOC
1533
0.0
2.0
4.0
6.0
8.0
10.0
12.0
Oc
t
-
0
7
Ma
y
-
0
9
De
c
-
1
0
No
v
-
1
8
Household Savings Rate
20.0%
21.0%
22.0%
23.0%
24.0%
25.0%
26.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
03
:
Q
1
04
:
Q
4
06
:
Q
3
08
:
Q
2
10
:
Q
1
11
:
Q
4
13
:
Q
3
15
:
Q
2
17
:
Q
1
18
:
Q
4
20
:
Q
3
22
:
Q
2
24
:
Q
1
Consumer Debt to DPI
Housing Non-Housing
1634
-3.0%
-1.0%
1.0%
3.0%
5.0%
7.0%
9.0%
Pace of Inflation (PCE)
YoY Quarterly
Price Growth by Consumer Spending
PCE Prices 2.7%
Financial services and insurance 5.3%
Transportation services 4.4%
Housing and utilities 4.3%
Recreation services 3.3%
Food services accommodations 3.1%
Other services 2.9%
Health care 2.8%
Other durable goods 2.8%
Motor vehicles and parts 2.6%
Food and beverages retail 2.2%
Furnishings and household eq 2.1%
Other nondurable goods 1.4%
Clothing and footwear -0.3%
Recreational goods and vehicles -1.8%
Gasoline and other energy goods -5.9%
1735
19-23 23-25
Prices Real
Cons.Prices Real
Cons.
Total 4.0%2.8%2.5%2.9%
Food for off-premises 6.0%1.1%1.8%1.7%
6.4%2.7%3.6%-0.1%
Meals at Full serv 5.5%2.5%4.0%3.2%
5.5%
6.0%
6.5%
7.0%
7.5%
8.0%
Q4 Q3 Q2 Q4 Q3 Q2 Q4 Q3 Q2 Q4 Q3 Q2
Food Spending as Share of Total
Expenditures
1836
Average Gross Income by
Household Quintile
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
Gov Transfers as % DPI
Growth 14-
24 Expend
Growth 14-
24
Lowest 22.8%$35,046 16.1%
Second 23.4%$50,054 17.2%
Middle 21.3%$66,900 15.7%
Fourth 21.1%$89,972 17.0%
Highest 26.5%$150,342 13.1%
Top 5%30.9%
1937
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
19
7
9
19
8
2
19
8
5
19
8
8
19
9
1
19
9
4
19
9
7
20
0
0
20
0
3
20
0
6
20
0
9
20
1
2
20
1
5
20
1
8
20
2
1
Estimates of the Share of US in
Poverty
Official CBO
95
105
115
125
135
145
155
165
20
0
4
20
0
5
20
0
6
20
0
7
20
0
8
20
0
9
20
1
0
20
1
1
20
1
2
20
1
3
20
1
4
20
1
5
20
1
6
20
1
7
20
1
8
20
1
9
20
2
0
20
2
1
20
2
2
Net Income After Transfers and Taxes
by Quintile
Bottom 20 Middle 60 Top 20
2038
2024 2018
Less than high school graduate 24.0%24.4%
High school graduate 14.3%13.5%
Some college, associate's degree 9.7%9.5%
Bachelor's degree or higher 4.6%4.4%
Worked full-time, year-round 2.3%2.5%
Worked part-time or part-year 14.9%15.8%
Did not work 21.3%21.3%
Married Couple Single Parent
Families 4.5%22.3%
1 or 2 children 4.3%26.8%
3 or 4 children 9.1%49.2%
5 or more children 22.0%67.8%
2139
$0
$20
$40
$60
$80
$100
$120
$140
Real Median Net Worth $000's
Less than 35 35–44
2240
30
35
40
45
50
55
60
65
70
2001 2002 2003 2004 2005 2006 2007 2008 2011 2013 2016 2017 2019 2020 2021 2022 2023 2024 2025
Gallup Poll: US % Very satisfied with Personal Life
2341
20.0
40.0
60.0
80.0
100.0
120.0
140.0
Ap
r
-
1
2
Ju
n
-
1
3
Ja
n
-
1
4
Au
g
-
1
4
Ma
r
-
1
5
Oc
t
-
1
5
Ma
y
-
1
6
De
c
-
1
6
Ju
l
-
1
7
Fe
b
-
1
8
Se
p
-
1
8
Ap
r
-
1
9
No
v
-
1
9
Ju
n
-
2
0
Ja
n
-
2
1
Au
g
-
2
1
Ma
r
-
2
2
Oc
t
-
2
2
Ma
y
-
2
3
De
c
-
2
3
Ju
l
-
2
4
Fe
b
-
2
5
Shifting Narratives in Consumer Sentiment!
DEM REP 2442
$1,700
$1,900
$2,100
$2,300
$2,500
$2,700
$2,900
$3,100
$3,300
$3,500
Ma
y
-
1
5
No
v
-
1
8
Ma
y
-
2
2
Corporate Profits (Inflation
Adjusted, SAAR)
Q3 23-24 24-25
Private fixed investment $5,479 4.8%4.4%
Commercial health str $264 -8.3%-3.8%
Manufacturing str $218 16.5%-8.8%
Power, communication $167 -1.5%2.3%
Mining $82 3.8%-16.2%
Information proc eq $630 11.4%22.6%
Industrial equipment $347 4.9%7.8%
Transportation eq $363 8.4%2.2%
Software $766 8.9%8.9%
R&D $856 3.7%6.8%
Entertainment, artistic $116 3.2%1.0%
Residential Total $1,185 3.8%0.6%
Residential Perm site $524 -1.7%-4.3%
Real Investment and Growth Rates
2543
80.0
85.0
90.0
95.0
100.0
105.0
Oc
t
-
0
9
Ma
y
-
1
2
De
c
-
1
4
Industrial Production
0
100
200
300
400
500
600
700
800
Q4 Q3 Q2 Q4 Q3 Q2 Q4
Manufacturing Profits
(Corporate)
10000
10500
11000
11500
12000
12500
13000
13500
14000
14500
Manufacturing
Employment
2644
Billions
Share
GDP
GDP $29,723
Total Imports Goods $3,267 11.0%
~~New Tariffs $653 2.2%
Federal Deficit -$1,847 -6.2%
Personal Taxes to Feds $2,391 8.0%
Corp Taxes to Fed $490 1.6%
The Tariff Tax: Context
2745
Country
Oct-24 YTD
Exports
($ Mil.)
YTD Chg.
(%)Chg. (%)
Port of Oak Exports 16,787 1.5 -
3,208 3.1 -
2,234 6.4
1,164 25.4
1,156 -35.5 -
924 8.1 -
10121416182022
Bi
l
l
i
o
n
s
Port of Oakland Exports
15
20
25
30
35
Bi
l
l
i
o
n
s
Port of Oakland Imports
Country
Oct-24 YTD
Imports
($ Mil.)
YTD Chg.
(%)Chg. (%)
Port of Oak Imports 23,842 -11.9
China 6,860 -32.0
Vietnam 2,621 28.8
Taiwan 1,706 -9.8 -
Thailand 1,321 9.8
Japan 1,208 -39.9 -
2846
Real Construction Spending by Category
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
$2,200
$2,400
US Real Construction
Spending 2022 2023 2024
Nonresidential 588.2 686.4 694
Commercial and health care 180.5 190.1 178
Office 65.7 64.1 63.6
Data centers 8.4 12.6 19.7
General, financial 57.2 51.3 43.7
Health care 38.2 40.7 41.9
Warehouses 47.3 50.6 39.6
Manufacturing 84.4 128 149.2
Power and communication 112.9 131.4 136.5
Other structures 106.5 122.1 118.3
Residential 814.1 748.5 771.9
Permanent site 403.6 369.4 375.6
Single-family structures 311.6 266.5 283.2
Multifamily structures 92.1 106 93.7
Improvements 254.7 257.4 273.3
2947
0
2
4
6
8
10
12
14
0
100
200
300
400
500
600
700
2023 2024 2025 2026 2027 2028 2029 2030
U.S. Data Center Power Demand
Forecast
Energy Consumption (TWh)
Share of US Demand
196
222
251
298
314
322
449
523
529
5,426
0 2,000 4,000 6,000
Brazil
Japan
Russia
Netherlands
Australia
France
China
United Kingdom
Germany
United States
Number of Data Centers by
Country
Source: Cloudscene Source: McKinsey & Company, Global Energy Perspective
3048
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
Contra Costa County
CRE Under Construction (Sq. Ft.)
Industrial Office Retail
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
Contra Costa County
CRE Deliveries (Sq. Ft.)
Industrial Office Retail
3149
1,200
1,400
1,600
1,800
2,000
2,200
2,400
2,600
2,800
Median SF of a New Home
0
0.1
0.2
0.3
0.4
0.5
0.6
National Housing
Affordability
(Based on 80% LTV)
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
450.0
500.0
US Median Home Prices
(Inflation Adjusted)
3250
0.0
2.0
4.0
6.0
8.0
10.0
12.0
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
Oc
t
-
9
8
Au
g
-
0
0
Ju
n
-
0
2
Ap
r
-
0
4
Fe
b
-
0
6
De
c
-
0
7
Oc
t
-
0
9
Au
g
-
1
1
Ju
n
-
1
3
Ap
r
-
1
5
Fe
b
-
1
7
De
c
-
1
8
Oc
t
-
2
0
Au
g
-
2
2
Ju
n
-
2
4
Housing Vacancy Rate % (HVS)
Owner Vac Rate US Rental Vac Rate US
0
500
1000
1500
2000
2500
Ma
y
-
0
5
Ma
y
-
1
0
Ma
y
-
1
5
Ma
y
-
2
0
Ma
y
-
2
5
US Housing Starts (000s, SAAR)
3351
Normal
Housing
Market
Liquidity
Constrained
Housing
Market
Sales
2019 2025 Ch
Northeast 3 3 0.0%
Midwest 6 7 8.0%
South 34 38 12.7%
West 17 14 -18.8%
Units for Sale
2019 2025 Ch
Northeast 28 31 11.9%
Midwest 39 48 22.9%
South 181 301 66.0%
West 85 117 37.1%
Regional Breakdown
3452
40
50
60
70
80
90
100
110
120
130
140
Indexed Home Sales
Alameda Contra Costa Santa Clara
30
50
70
90
110
130
150
Indexed Home Inventory
Alameda Contra Costa Santa Clara
3553
MSA
Nov-25
Median
Home Price
($000s)
1-Year
Chg. (%)
Chg.
since
Feb-20
(%)
San Francisco County 1,697.8 4.3
Orange County 1,415.9 2.0
Las Vegas MSA 491.2 0.4
Los Angeles County 994.9 0.1
Austin MSA 451.9 -0.3
Denver MSA 645.8 -0.5
San Diego County 1,035.2 -0.6
San Mateo County 1,945.5 -0.8
Sacramento MSA 601.7 -0.8
Santa Clara County 1,941.5 -1.2
Inland Empire 597.9 -1.2
Alameda County 1,250.6 -2.5
Contra Costa County 872.9 -2.7
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
Median Home Price
Alameda Contra Costa Santa Clara
3654
0.00
1.00
2.00
3.00
4.00
5.00
6.00
Ju
l
-
1
7
Ju
n
-
1
8
Ap
r
-
2
0
Ma
r
-
2
1
Fe
b
-
2
2
Ja
n
-
2
3
De
c
-
2
3
No
v
-
2
4
Fed Funds Rate
Federal Funds Rate
-10
-5
0
5
10
15
20
25
Ja
n
-
1
2
Ju
n
-
1
3
No
v
-
1
4
Ap
r
-
1
6
Se
p
-
1
7
Fe
b
-
1
9
Ju
l
-
2
0
De
c
-
2
1
Ma
y
-
2
3
Oc
t
-
2
4
YoY Growth Bank
Deposits and Loans
Bank Deposits
-150
-100
-50
0
50
100
150
200
Change in Fed Balance
Sheet (QE / QT)
3755
0
1
2
3
4
5
6
7
8
9
Ja
n
-
1
7
Au
g
-
1
7
Oc
t
-
1
8
Ma
y
-
1
9
De
c
-
1
9
Ju
l
-
2
0
Fe
b
-
2
1
Se
p
-
2
1
Ap
r
-
2
2
No
v
-
2
2
Ju
n
-
2
3
Ja
n
-
2
4
Au
g
-
2
4
Ma
r
-
2
5
Oc
t
-
2
5
Interest Rates (End of Month)
30 Year FRM 5 Yr Treas
-40
-20
0
20
40
60
80
Net % Tightening Standards for
Mortgage Loans
QM non-jumbo QM jumbo
Non-QM jumbo Non-QM non-jumbo
-40.0
-20.0
0.0
20.0
40.0
60.0
80.0
Net % of Domestic Banks
Tightening Standards for
C & I Loans
Small Firms Large and Middle-Market Firms
3856
3957
90
95
100
105
110
115
120
125
Indexed Nonfarm Employment
California Texas
Annual Growth Rates
Nov-25 23-25 19-23 15-19
Total, All Industries 18605.3 0.4%2.0%
Manufacturing 1204.8 -2.5%-0.4%0.2%
Wholesale Trade 650.9 -1.0%-1.0%-0.2%
Retail Trade 1621.1 -0.8%-0.9%-0.3%
Logistics 873.6 0.5%3.5%6.6%
Information 524.9 -1.8%-1.7%3.4%
Financial Activities 788.4 -1.3%-1.2%1.1%
Professional 1364.2 -1.9%1.1%2.9%
Administrative 1088 -1.4%-1.2%1.3%
Educational Serv 438.3 2.5%1.0%2.4%
Health Care 3088.1 5.5%3.0%3.5%
Leisure and Hospitality 2021.3 0.1%-0.3%2.6%
Other Services 600.3 0.6%0.5%1.4%
Government 2740.9 1.4%0.2%1.2%
Buildings 201.7 -0.4%5.0%
Heavy Construction 97.7 -1.1%3.0%
Specialty Trade 592.2 -0.4%4.3%
4058
1.0
3.0
5.0
7.0
9.0
11.0
13.0
15.0
17.0
Ja
n
-
1
7
Ju
l
-
1
7
Ja
n
-
1
8
Ju
l
-
1
8
Ja
n
-
1
9
Ju
l
-
1
9
Ja
n
-
2
0
Ju
l
-
2
0
Ja
n
-
2
1
Ju
l
-
2
1
Ja
n
-
2
2
Ju
l
-
2
2
Ja
n
-
2
3
Ju
l
-
2
3
Ja
n
-
2
4
Ju
l
-
2
4
Ja
n
-
2
5
Unemployment Rate
US CA
11.5%
12.0%
12.5%
13.0%
13.5%
14.0%
14.5%
15.0%
CA Share US GDP
4159
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
Contra Costa County Job Postings WARN Notices since July 2024 No. Of
Employees Address
Chevron 668 San Ramon
Moxion Power, Inc.244 Richmond
SunPower Corporation 182 Richmond
Bio-Rad Laboratories, Inc.113 Hercules
Rodan & Fields, LLC 78 San Ramon
Safeway 69 Pinole
Web To Door Corporation 67 Richmond
Shell Catalyst & Technologies 59 Pittsburg
Verizon 54 Walnut Creek
TVI, Inc. dba Savers 52 Antioch
MoreFlavor, Inc.51 Pittsburg
Southwest Key Programs, Inc.47 Pleasant Hill
Silgan Containers 44 Antioch
Corteva Agriscience 21 Pittsburg
Henkel Corporation 13 Concord
4260
Office
Vacancy Rate Q3-25 (%)
1-Yr
Change
(pp)
Change
since Q4-
19 (pp)
United States 14.1 0.2 4.7
4.9 -0.6 -1.6
8.0 0.5 1.7
11.2 0.3 2.8
12.3 -0.2 2.7
13.1 1.7 4.3
15.0 1.2 7.5
15.9 0.1 5.9
16.4 0.5 7.5
Contra Costa 18.5 0.6 9.2
San Francisco 22.9 -0.3 16.8
4361
County
Q2-25
Emplt
(000s)
1-
(%)
6-
(%)
California 18,266.2 0.4
Riverside 853.0 1.5
Sacramento 734.4 1.3
San Bernardino 847.4 1.0
Orange 1,666.3 0.5
Santa Clara 1,116.0 0.4
Los Angeles 4,520.7 0.3
Fresno 432.4 0.2
San Diego 1,534.6 -0.2
Contra Costa 374.5 -0.4
Alameda 783.1 -1.3 -
San Francisco 692.8 -1.8 -
San Mateo 408.7 -3.1 -
85
90
95
100
105
110
115
120
Indexed Nonfarm Employment
Alameda Contra Costa San Francisco
4462
Contra Costa Employment Q2-
(000s)
CC 1-
Chg. (%)LQ
Total 374.5 -1.3 1.0
Education/Health 87.7 4.1 1.3
Government 51.6 0.5 0.9
Other Services 13.3 0.2 1.1
Administrative 22.6 0.1 1.0
Finance 15.4 -0.1 1.5
Management 5.5 -0.2 0.9
Transp./Ware 9.6 -0.4 0.6
Leisure 41.3 -0.4 1.0
Retail Trade 39.7 -0.5 1.2
Real Estate 6.7 -0.5 1.1
Prof. & Tech. 24.4 -0.8 0.9
Manu/Info/Wholle 29.7 -1.4 0.6
NR/Construction 26.9 -1.8 1.0
290
300
310
320
330
340
350
360
370
380
Contra Costa County
Payroll Employment
4563
Long Run View 2024 2016
Civilian Labor Force 582,300 2,900
Total, All Industries 382,800 12,500
Health 79,000 17,200
Transportation 15,500 4,000
Other Services 16,600 3,600
Construction 27,600 2,100
Professional 25,100 2,100
Private Education 8,200 700
Government 50,800 300
Leisure 40,900 200
Administrative 22,700 -200
Manufacturing 13,200 -2,400
Retail Trade 40,600 -2,500
Information 5,400 -2,600
Wholesale Trade 7,900 -2,700
Management 5,600 -2,800
Financial Activities 22,900 -4,500
Industry Q2-25
Emp.
1-Year
Chg. (%)
NAICS 8133 Social advocacy org 658
NAICS 5182 Computing infrastructure 627
NAICS 5132 Software publishers 1,575
NAICS 6232 Residential health 1,004
NAICS 6241 Individual family services 22,992
NAICS 4841 General freight trucking 1,029
NAICS 5221 Depository credit 4,696
NAICS 6219 Other ambulatory health 1,849
NAICS 6213 Offices of health 3,997
Industry Q2-25
Emp.
1-Year
Chg. (%)
NAICS 5417 Scientific research development 1,539 -
NAICS 3241 Petroleum manufacturing 2,955 -
NAICS 2362 Nonresidential building 2,306 -11.2
NAICS 4244 Grocery merchant wholesalers 1,123 -11.4
NAICS 2382 Building equipment contractors 6,761 -
NAICS 4599 Other miscellaneous retailers 1,168 -
NAICS 5629 Remediation serv 603 -
NAICS 3345 Navigational and control 784 -
NAICS 5171 Wired & wireless communications 1,585 -4664
Submarket
Q3-25
Occupied
Office
(Sq. Ft.)
1-Year
Chg.
(%)
6-Year
Chg.
(%)
East Bay Total 97,967,816 -1.4 -8.1
Contra Costa County 31,682,534 -1.4 -11.8
Walnut Creek-BART/DT 6,566,342 -1.3 -12.9
Concord/Pleasant Hill 5,943,406 -1.2 -15.0
Antioch/Pittsburg 2,623,418 -0.6 0.9
Richmond/San Pablo 2,615,934 -3.0 -5.5
Walnut Creek-Shadelands 2,051,584 -1.7 -2.5
Martinez/Pacheco/Hercules 1,954,115 -0.5 2.5
Lamorinda 1,551,076 -5.4 -8.9
Danville/Alamo 1,412,943 1.5 -2.4
28
29
30
31
32
33
34
35
36
37
38
Mi
l
l
i
o
n
s
Contra Costa County
Occupied Office Stock
4765
0
10000
20000
30000
40000
50000
60000
70000
80000
90000
100000
19
9
5
19
9
8
20
0
1
20
0
4
20
0
7
20
1
0
20
1
3
20
1
6
20
1
9
20
2
2
Median HH Incomes
California US
Rank out of 3,200
2023 Med
HH Inc
2 Santa Clara $154,954
3 San Mateo $151,485
10 Marin $139,644
18 San Francisco $126,730
25 Contra Costa $122,794
30 Alameda $119,931
52 Orange $110,042
54 Placer $109,713
56 El Dorado $108,594
59 Ventura $107,667
61 San Benito $107,324
70 Santa Cruz $105,631
77 Napa $104,686
82 San Diego $103,674
Ranked Median Household
Income by County
0.0%
5.0%
10.0%
15.0%
20.0%
CA / US Per Capita
Pers. Income
4866
$50,000
$70,000
$90,000
$110,000
$130,000
$150,000
$170,000
$190,000
Median Household
Income
Alameda Contra Costa
Santa Clara San Francisco
$50,000
$60,000
$70,000
$80,000
$90,000
$100,000
$110,000
Q2
-
1
5
Q2
-
1
6
Q2
-
1
7
Q2
-
1
8
Q2
-
1
9
Q2
-
2
0
Q2
-
2
1
Q2
-
2
2
Q2
-
2
3
Q2
-
2
4
Q2
-
2
5
Average Annual Wage
California Alameda
Contra Costa
2024 2019
< 50K 18.9%21.8%
50-100K 20.9%24.7%
100-200K 30.4%31.1%
> 200K 29.7%22.4%
Change in
Distribution of HH
Income CC County
2019-2024
4967
California Incomes by Race / Age 2019-24
By Race HHs Income
Households 13,798 $100,149 24.5%
American Indian 175 $85,434 48.3%
Hispanic 4,405 $83,179 30.7%
Black 817 -$71,211 29.1%
Asian 2,200 $130,548 25.4%
White 5,730 -$110,258 19.6%
By Income
15 to 24 years 393 $53,512 21.0%
25 to 44 years 4,725 $110,732 28.5%
45 to 64 years 4,967 -$115,871 22.8%
65 years +3,713 $71,673 22.8%
10.0
11.0
12.0
13.0
14.0
15.0
16.0
17.0
18.0
19
9
5
19
9
7
19
9
9
20
0
1
20
0
3
20
0
5
20
0
7
20
0
9
20
1
1
20
1
3
20
1
5
20
1
7
20
1
9
20
2
1
20
2
3
Poverty Rate
US California
5068
150
152
154
156
158
160
162
164
166
168
108
108.5
109
109.5
110
110.5
111
111.5
112
112.5
113
California Regional Price
Parities
RPPs: All items
RPPs: Services: Housing
2018 2024
Santa Clara 66.5%82.6%
49.4%44.9%
Alameda 35.7%33.8%
Contra Costa 35.1%31.9%
San Diego 13.8%20.0%
Sacramento 8.9%5.9%
Riverside 5.3%5.8%
Los Angeles -0.2%-3.6%
Fresno -13.5%-10.9%
Kern -15.4%-14.2%
95
100
105
110
115
120
125
CA Regional RPPs
Los Angeles MSA Riverside MSA
Sacramento MSA San Francisco MSA
CA Median Income
Gap with RPP Control
5169
6
7
8
9
10
11
12
13
14
15
16
Poverty Rate
Alameda Contra Costa
San Francisco
8
10
12
14
16
18
20
22
Q3
-
1
5
Q3
-
1
6
Q3
-
1
7
Q3
-
1
8
Q3
-
1
9
Q3
-
2
0
Q3
-
2
1
Q3
-
2
2
Q3
-
2
3
Q3
-
2
4
Q3
-
2
5
Equifax Subprime
Credit Population
Alameda Contra Costa
San Francisco
Contra Costa
Education
2024
Earning
s ($)
Chg.
Since
2019 (%)
Population > 25 71,615 23.6
35,712 19.2
46,702 12.0
59,932 19.4
100,257 27.8
125,868 24.2
5270
Moral Nodes: Social issues that
blind us emotionally Type 1 2
Style Emotional Deliberative
Rules Heuristics Deduction
Speed Fast Slow
Energy Low High
5371
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Oc
t
-
1
8
Ma
y
-
1
9
De
c
-
1
9
No
v
-
2
2
Household – Payroll Emp
(Smoothed)
2.4 Mil Decline in
Employment Gap
.9 Mil too many payroll
jobs
1.5 Mil too few HH
workers?130000
135000
140000
145000
150000
155000
160000
165000
170000
Ja
n
-
1
3
Ja
n
-
1
4
Ja
n
-
1
5
Ja
n
-
1
6
Ja
n
-
1
7
Ja
n
-
1
8
Ja
n
-
1
9
Ja
n
-
2
0
Ja
n
-
2
1
Ja
n
-
2
2
Ja
n
-
2
3
Ja
n
-
2
4
Ja
n
-
2
5
Two Estimates of Employment
Household Payroll
5472
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
US Net Immigration (CBO Estimates)
-2000
0
2000
4000
6000
8000
10000
Ja
n
-
1
0
Ja
n
-
1
1
Ja
n
-
1
2
Ja
n
-
1
3
Ja
n
-
1
4
Ja
n
-
1
5
Ja
n
-
1
6
Ja
n
-
1
7
Ja
n
-
1
8
Ja
n
-
1
9
Ja
n
-
2
0
Ja
n
-
2
1
Ja
n
-
2
2
Ja
n
-
2
3
Ja
n
-
2
4
Ja
n
-
2
5
US Labor Force Growth by Nativity
(000s)
Foreign Born Domestic Born
5573
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
Total Removal by Fiscal Year
140
145
150
155
160
165
170
175
180
185
190
20
0
5
20
0
8
20
1
1
20
1
4
20
1
7
20
2
0
20
2
3
20
2
6
20
2
9
20
3
2
20
3
5
20
3
8
20
4
1
20
4
4
20
4
7
20
5
0
20
5
3
Immigration and Labor Force
Levels (Millions workers)
Low Immgration Labor Force
High Immigration Labor Force
5674
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
Long Run (10 Yr) Worker Productivity
Growth
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
US Long Run Labor Force Growth
(10 Year)
5775
0%
10%
20%
30%
40%
50%
60%
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
20
0
1
20
0
4
20
0
7
20
1
0
20
1
3
20
1
6
20
1
9
20
2
2
VC Funding in Greater
Silicon Valley
San Francisco
Silicon Valley
Share of US
$0
$10
$20
$30
$40
$50
$60
VC Funding to AI
Companies in Greater
Silicon Valley
30%
32%
34%
36%
38%
40%
42%
44%
$0B
$20B
$40B
$60B
$80B
$100B
$120B
Q1
-
2
1
Q3
-
2
1
Q1
-
2
2
Q3
-
2
2
Q1
-
2
3
Q3
-
2
3
Q1
-
2
4
Q3
-
2
4
Q1
-
2
5
Q3
-
2
5
U.S. Venture Capital
Funding
Funding
U.S. Share of Global Deals
5876
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
Tech Wages
Bay Area United States
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
20
0
4
20
0
5
20
0
6
20
0
7
20
0
8
20
0
9
20
1
0
20
1
1
20
1
2
20
1
3
20
1
4
20
1
5
20
1
6
20
1
7
20
1
8
20
1
9
20
2
0
20
2
1
20
2
2
20
2
3
20
2
4
Tech Establishments
Core Bay Austin MSA Boston MSA
Dallas MSA Seattle MSA
5977
Location Jun-
(000s)
1-Year
Chg. (%)Feb-20 (%)
Nbr
Feb-20 (%)
US 170,380 1.4 3.5 5,963
Texas 15,850 1.5 11.5 1,823
Utah 1,846 0.6 11.4 210
319
118
126
154
-56
California 19,841 0.9 1.1 218
-1.0%
-0.5%
0.0%
0.5%
1.0%
1.5%
2.0%
30
31
32
33
34
35
36
37
38
39
40
20
0
0
20
0
2
20
0
4
20
0
6
20
0
8
20
1
0
20
1
2
20
1
4
20
1
6
20
1
8
20
2
0
20
2
2
20
2
4
Mi
l
l
i
o
n
s
California Population
Population Growth Rate
6078
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
19
8
6
19
8
8
19
9
0
19
9
2
19
9
4
19
9
6
19
9
8
20
0
0
20
0
2
20
0
4
20
0
6
20
0
8
20
1
0
20
1
2
20
1
4
20
1
6
20
1
8
20
2
0
20
2
2
State Housing Vacancy Rates
Home Vacancy Rental Vacancy
2.7
2.7
2.8
2.8
2.9
2.9
3.0
3.0
9.0
9.5
10.0
10.5
11.0
11.5
12.0
12.5
13.0
13.5
14.0
19
9
0
19
9
3
19
9
6
19
9
9
20
0
2
20
0
5
20
0
8
20
1
1
20
1
4
20
1
7
20
2
0
20
2
3
Mi
l
l
i
o
n
s
California Households
California Households
Persons per Household
6179
0
2,000
4,000
6,000
8,000
10,000
12,000
California Residential Permits
Single-Family Multi-Family
State
Jun-25 YTD
SF Permits
(Units)
1-Year Chg.
(%)
6-Year Chg.
(%)
United States -5.5
Texas -6.4
California -7.0
Arizona -13.0
Colorado -10.4 -
Washington -5.9 -
Utah -8.1
Nevada -13.3
Oregon -3.5 -
6280
Non-Farm Payrolls Labor Force
Jul-State Jul-State
California 18022.7 3.2%559 19851.7 2.3%438
Southern California 9955 2.9%283 51%11134.8 1.6%177 40%
Central Valley 1487 10.3%139 25%2011.5 8.0%149 34%
Bay Area 4001.5 ------
11%
------
------
Changes 2019-2025
6381
Location Aug-
(000s)
1-Year
Chg. (%)Feb-20 (%)
United States 170,778.0 1.4
California 19,857.9 0.8
Inland Empire 2,259.1 2.0
Stockton 376.1 1.9
Bakersfield 415.7 1.7
San Diego 1,677.0 1.7
Orange County (MD)1,648.0 1.4
Fresno 549.2 1.4
Sacramento 1,199.4 1.3
San Jose 1,067.3 0.9
San Francisco (MD)933.2 0.8 -
East Bay 1,455.0 0.5 -
Los Angeles (MD)5,122.9 0.1 -
90
92
94
96
98
100
102
104
106
Indexed Labor Force
East Bay San Francisco (MD)San Jose
6482
0%
5%
10%
15%
20%
25%
Fe
b
-
1
6
De
c
-
1
6
Oc
t
-
1
7
Au
g
-
1
8
Ju
n
-
1
9
Ap
r
-
2
0
Fe
b
-
2
1
De
c
-
2
1
Oc
t
-
2
2
Au
g
-
2
3
Ju
n
-
2
4
Ap
r
-
2
5
Unemployment 16-19
CA US
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
18.00
20
0
6
20
0
8
20
1
0
20
1
2
20
1
4
20
1
6
20
1
8
20
2
0
20
2
2
20
2
4
Minimum Wage
CA US
500
550
600
650
700
750
CA Limited Services
Restaurant Emp
6583
0
2
4
6
8
10
12
Unemployment Rate
Alameda Contra Costa San Francisco (MD)
Labor Force
Participation Rate
Unemployment
rate
2024 Ch 19 2024 Ch 19-
24
16 to 19 years 29.4%-31.2%18.8%
20 to 24 years 74.6%-15.1%6.4%
25 to 29 years 84.2%-9.8%4.9%
30 to 64 years 78.5%6.0%2.1%
65 to 74 years 27.9%-2.8%-0.6%
With any disability 53.8%13.0%4.2%
Less than high school 70.9%-8.2%2.3%
High school 77.1%10.0%5.3%
Some college 81.1%6.3%0.9%
Bachelor's or higher 85.1%4.9%2.3%
6684
County 2025
Population
1-
(%)
10-Year
Chg. (%)
California 39,529,101 0.3
San Joaquin 805,856 0.4
Riverside 2,495,640 0.2
Sacramento 1,604,745 0.5
Fresno 1,037,053 0.9
Kern 923,961 0.6
San Bernardino 2,207,424 0.3
Contra Costa 1,158,225 0.0
San Diego 3,330,139 0.4
Alameda 1,662,482 0.3
Orange 3,175,427 0.2
Santa Clara 1,922,259 0.0
San Francisco 842,027 -0.4 -
Los Angeles 9,876,811 0.3 -
Ventura 829,005 0.1 -
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
2.5
600,000
700,000
800,000
900,000
1,000,000
1,100,000
1,200,000
19
9
1
19
9
4
19
9
7
20
0
0
20
0
3
20
0
6
20
0
9
20
1
2
20
1
5
20
1
8
20
2
1
20
2
4
Conra Costa County Population
Total Population Growth Rate
6785