Business

Business

Upcoming San Jose budget avoids shortfall — for now

Contrary to prior predictions, San Jose will not see a budget shortfall this upcoming fiscal year. San Jose is in better financial shape than expected for the 2024-25 budget. The city will not see a surplus or deficit, but will still have to be conservative with spending as it braces for the years ahead, according to...

Silicon Valley parents face highest child care costs

A national survey ranks California among the top five states with the least affordable child care. Local officials say Santa Clara County is worse. California ranked third, second and fifth for least affordable nannying, babysitting and infant day care in 2023 respectively, based on a national survey of 2,000 respondents with children under age 14...

Once a booming industry, San Jose cannabis shops face closure

Two San Jose cannabis dispensaries have temporarily closed — and the city stands to lose millions in revenue if they go out of business. MedMen and Herbs both closed their doors in the last few weeks, raising alarm across Silicon Valley’s cannabis industry. While they closed for different reasons, local cannabis lobbyists and retailers say...

Milpitas to survey residents about extending sales tax

Milpitas is hoping to hold on to a revenue stream dedicated toward city services and keep its budget from falling into the red. The Milpitas City Council on Tuesday unanimously approved a resident survey to gauge support for a ballot measure this November that would extend Measure F, a citywide quarter-cent sales tax which sunsets...

Santa Clara County expands use of license plate readers

License plate reading cameras are about to become more common along Silicon Valley roadways. The Santa Clara County Board of Supervisors on Tuesday unanimously approved an expansion of license plate reading cameras, adding coverage of unincorporated county areas that have not been annexed into neighboring cities. The expansion was approved without funding, which the Santa...

Santa Clara County won’t appeal 49ers tax break ruling

A yearslong debate over whether the 49ers should be allowed a multimillion-dollar property tax break for Levi’s Stadium has come to a close. Santa Clara County Assessor Larry Stone says he will not appeal a recent Superior Court ruling that upheld a decision to significantly reduce the tax burden associated with the stadium for the...