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San Jose struggles with this balance -- too much residential. This article explains a bit: Why San Jose Is Barely in the Black Despite the Tech Boom https://
by Tempest1981 3y ago
San Jose struggles with this balance -- too much residential.
This article explains a bit:
Why San Jose Is Barely in the Black Despite the Tech Boom
https://www.kqed.org/news/10580994/why-san-jose-is-barely-in-the-black-despite-the-tech-boom https://www.kqed.org/news/10580994/why-san-jose-is-barely-in...
With 1 million residents, San Jose is the 10th-largest city in the United State, according to the U.S. Census. But each workday, it drops to the equivalent of the 13th-largest city. That's because residents leave San Jose for jobs elsewhere in Silicon Valley.
That has negative consequences for the city budget. Take sales taxes, for instance. San Jose pulls in some of the lowest revenues per capita in Santa Clara County. Every business lunch bought in Los Gatos, every pair of hiking boots in Campbell, helps to cement a regional imbalance. The smaller cities are pulling in more sales tax income relative to their population base. That applies to hotel, business, utility and parcel taxes, too.
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San Jose is now the biggest bedroom community in Silicon Valley, but it didn’t find the right balance to create the tax base it needs today.