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What you should know about Prop. 15

Supporters of California Proposition 15 say the initiative will generate millions for schools and local government, but opponents fear it would be catastrophic for business owners. Prop. 15, also known as the Tax on Commercial and Industrial Properties for Educational and Local Government Funding Initiative, asks voters to approve an amendment to the Constitution requiring...

Santa Clara County COVID-19 tax plan fails

Santa Clara County’s effort to tax residents to pay for COVID-19 relief measures failed after a short debate Tuesday. County leaders proposed two options for asking voters in November to approve a 5/8-cent sales tax to help close the county’s estimated $300 to $600 million budget deficit. The county has spent $165.4 million so far...

San Jose: Debate heats up over plan to install electronic billboards

A plan to allow up to 90 digital billboards in downtown San Jose has some residents fired up, citing worries about aesthetics, safety and even bird health. “The hazards of electronic billboards are manifold,” Puragra “Raja” GuhaThakurta said at a recent city meeting. “Some of you have brought up driver distraction and the damage it...

San Jose pension plans face perilous future in COVID-19 economy

The coronavirus pandemic has already wreaked havoc on the city’s financial health, with officials tightening their belts last month to make up for a $71 million shortfall in its $4.1 billion budget this year. But questions remain about how the budget crisis will affect the city’s pension system, which has an unfunded liability of $3.4...