Will San José Cut Services Too Soon as Its Reserve Falls to $12.5M?
San José’s reserve has dropped to $12.5 million while financial discipline and new revenue proposals move forward at the same time. San José’s Budget Stabilization Reserve has fallen from $63 million to just $12.5 million in roughly 18 months. At the same time, the City is projecting a $55–$65 million General Fund shortfall and signaling […]