The former Palo Alto home of Hewlett-Packard founders Bill Hewlett and Dave Packard. Photo: Kimberly White/Corbis via Getty Images

California scooped up just under $1 billion from nearly 9,000 tax returns filed in 94301 (Palo Alto, home of Stanford and the "birthplace of Silicon Valley") in 2016 — more revenue than from any other ZIP Code in California, the L.A. Times' Melanie Mason reports.

Why it matters: As Democrat Gavin Newsom and Republican John Cox campaign for governor, taxes paid "in Palo Alto’s 94301 and a handful of other affluent ZIP Codes ... will determine whether promises to build more houses, overhaul healthcare or invest in schools can actually be kept. ... Economists and politicians have long said that California’s volatile revenue base leaves the state at risk for a painful budgetary reckoning when the economy slumps."

Go deeper

Erica Pandey, author of @Work
36 mins ago - Economy & Business

Americans are moving again

Illustration: Aïda Amer/Axios

For decades, the share of Americans moving to new cities has been falling. The pandemic-induced rise of telework is turning that trend around.

Why it matters: This dispersion of people from big metros to smaller ones and from the coasts to the middle of the country could be a boon for dozens of left-behind cities across the U.S.

Updated 49 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Obama: Trump is "jealous of COVID's media coverage" Axios-Ipsos poll: Federal response has only gotten worse.
  2. Health: Hospitals face a crush — 13 states set single-day case records last week.
  3. Business: Winter threat spurs new surge of startup activity.
  4. Media: Pandemic causes TV providers to lose the most subscribers ever.
  5. States: Nearly two dozen Minnesota cases traced to three Trump campaign events.
  6. World: Putin mandates face masks.
Updated 2 hours ago - Politics & Policy

Voters in Wisconsin, Michigan urged to return absentee ballots to drop boxes

Signs for Joe Biden are seen outside a home in Coon Valle, Wisconsin, on Oct. 3. Photo by KEREM YUCEL via Getty

Wisconsin Democrats and the Democratic attorney general of Michigan are urging voters to return absentee ballots to election clerks’ offices or drop boxes, warning that the USPS may not be able to deliver ballots by the Election Day deadline.

Driving the news: The Supreme Court rejected an effort by Wisconsin Democrats and civil rights groups to extend the state's deadline for counting absentee ballots to six days after Election Day, as long as they were postmarked by Nov. 3. In Michigan, absentee ballots must also be received by 8 p.m. on Election Day in order to be counted.