Economy

Economy

San Jose faces tough choices to balance budget shortfall

San Jose leaders are warning of “tough” financial decisions and “hard choices” as this year’s budget season officially gets underway. The months-long process kicked off Thursday with a special study session considering how to balance a projected deficit of up to $65 million. While the city managed to balance last year’s shortfall without laying off any workers,...

Citizen group to oversee Santa Clara County’s Measure A spending

Santa Clara County leaders promised their voter-approved sales tax increase would save local public hospitals from closure. That commitment will now be tested. The Board of Supervisors voted unanimously Tuesday to form a citizen oversight committee to ensure that $330 million in Measure A revenue will be spent as advertised. County leaders last year vowed Measure...

Santa Clara County residents consider leaving the area

A significant number of Santa Clara County residents say they’re considering leaving the Bay Area, a reflection of the persistent frustration over housing costs and affordability even as population data suggests the region is not experiencing a mass exodus. Joint Venture Silicon Valley’s annual survey found 40% of respondents in Santa Clara County said they...

Pruneyard Cinemas in Campbell not closing

Campbell’s Pruneyard Cinemas announced Friday that it has managed to reach an agreement with its landlord in a longstanding rent dispute, allowing the beloved theater to remain open. The news comes as a reversal in fortunes for the theater company, which told customers last week that rising costs would force it to close down permanently...