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Millbrae’s finances are on track and its budget is once again balanced, with an expected $45.5 million in both expenditures and revenue. 

California risks losing hundreds of millions of dollars in federal airport funding as the Federal Aviation Administration questions whether the state is following federal rules in spending revenue from a jet fuel tax on airport projects. The agency has asked for detailed records by the end of the month. California has said it spends far more on airports than it collects in jet fuel taxes. A federal audit says California has shifted fuel tax funds into other accounts for years. At least $650 million in federal airport funding is pending for eight airports around the state. A bill before the legislature aims to redirect the tax back to airports, including rural ones.

Democrats are pushing new tax-cut plans to ease voters' affordability worries and blunt Republicans' advantage on the issue. Sen. Chris Van Hollen of Maryland proposes ending federal income tax for many people earning about $46,000 or less. New Jersey Sen. Cory Booker backs a plan that wipes out tax on the first $75,000 of income. Democrats say simple tax relief sells better than complicated credits. Critics warn these plans drain money for restoring funding for Medicaid and other priorities. Analysts also say benefits can tilt toward higher earners and add to deficits.

Oil and gasoline prices are rising as the war in Iran intensifies and other global conflicts affect supply. That means pain at the pump for drivers filling up with gas. But electric vehicle drivers are largely unaffected by spikes in oil prices. Electricity prices — even as different grids have different power mixes — are more regulated. Experts say prolonged high gas prices may drive some EV interest and sales. Car-buying resource Edmunds says it has seen an uptick in people researching EVs and hybrids. But the experts also say just how far that will go is unclear. And in the U.S., significant incentives to buy EVs have gone away.