Economy

Economy

Los Gatos considers cuts, hiring freezes to tackle budget shortfall

Some of Los Gatos’ key services could be cut as the town contends with looming multimillion-dollar shortfalls. The Los Gatos Finance Commission unanimously recommended the Town Council cut expenses and increase revenues, rather than pulling from its reserves, to address its $2 million budget deficit for fiscal year 2025-26. The commission also recommended a temporary hiring...

San Jose shrinks budget shortfall, prioritizes temporary shelters

San Jose’s projected budget deficit has been reduced by almost half since initial estimates from earlier this year, but the city still faces a growing housing crisis and major deficit next year. The City Council previewed the proposed 2025-26 budget during a budget study session Wednesday, which drops the projected budget shortfall of $60 million to $35.6 million. The...

Feds cut millions for San Jose community projects

The federal government has eliminated millions in potential funding meant for community projects in San Jose involving the Alum Rock business corridor, Happy Hollow Zoo and more. Sarah Zárate, director of intergovernmental relations for the city, told councilmembers Tuesday that even though Congressmembers Ro Khanna, Jimmy Panetta and Zoe Lofgren requested $5.5 million in federal...