Santa Clara County property values are seeing their lowest growth in more than a decade due to economic uncertainty and stalled development. Yet the total net assessed value of all real estate and personal property – known as the assessment roll – reached a new height of nearly $726 billion, County Assessor Larry Stone announced...
Economy
Economy
Lawsuit ties up millions of dollars in Campbell revenue
An anti-tax group is fighting to end Campbell’s sales tax hike, tying it up in the courts and putting the city in a multimillion-dollar bind. The Silicon Valley Taxpayers Association, along with Campbell resident David Wolen, is suing Campbell over Measure K, a half-cent sales tax hike. The measure raises the sales tax to 9.875%,...
San Jose nonprofits threatened by federal funding cuts
Santa Clara County nonprofits serving the region’s vulnerable residents are facing funding cuts coming down from the Trump administration. Among proposed cuts is the planned elimination of the $3.3 billion Community Development Block Grant program tied to the U.S. Department of Housing and Urban Development. San Jose distributes millions of dollars annually through the program...
Santa Clara County growers unclear about ICE policy
South County growers are walking a tightrope between trusting the Trump administration to support them while hoping their workers aren’t caught in ICE raids. U.S. Immigration and Customs Enforcement (ICE) operations in East San Jose have led to concerns about whether immigrant farmworkers will feel safe enough to work during the approaching harvest season, namely...
Santa Clara County approves budget amid Trump cuts
Santa Clara County supervisors took their first step toward adopting a $14 billion budget that weighs the region’s critical services against federal funding losses under President Donald Trump. After weeks of workshops and hearings, supervisors tried to close their budget talks on a high note. But their unanimous vote Thursday – with the final one...
Santa Clara balances budget, restores rainy day funds
Santa Clara’s budget reserves are back to normal, but officials are still working to address hundreds of millions of dollars in needed infrastructure maintenance. The Santa Clara City Council on Tuesday unanimously approved a $1.9 billion operating budget for fiscal year 2025-26 and $1.4 billion for fiscal year 2026-27. The city anticipates ending it’s current...
Silicon Valley begins countdown to next year’s World Cup
The countdown has begun for the FIFA World Cup coming to Silicon Valley next year. Representatives from the Bay Area Host Committee and Santa Clara celebrated the one-year countdown to the World Cup Wednesday with speeches and a youth soccer clinic led by the San Jose Earthquakes. Levi’s Stadium will host six games in 2026,...
Homelessness takes center stage at San José Spotlight’s PolitiBeat
A regional homelessness crisis and the local shockwaves of President Donald Trump’s second term dominated discussions at San José Spotlight’s third annual, all-day political festival tackling the future of Silicon Valley. Hundreds of people converged on the Hammer Theatre in downtown San Jose last week to learn about how the region is dealing with critical...
Los Gatos balances budget but projects future shortfall
Los Gatos has managed to balance its budget despite a multimillion-dollar deficit by cutting funding for programs and services, ranging from library resources to legal fees. But it might not be smooth sailing for long. The Los Gatos Town Council unanimously approved a fiscally sound budget for fiscal year 2025-26 June 3 after facing a...
San Jose’s $5.5B budget tackles controversial plans
San Jose officials have agreed to green light Mayor Matt Mahan’s latest budget plans — but stopped short of tying portions of councilmembers’ pay to their perceived performance. The City Council voted Tuesday to approve a $5.5 billion proposed operating budget for fiscal year 2025-26. Several of the mayor’s proposals moved forward, including reallocating Measure...