Santa Clara Budget Deficit Triggered By COVID...

While the immediate cause of Santa Clara’s current budget deficits — “structural deficit” — was the COVID-caused drop in hotel tax revenue, the fact that a drop in a single revenue stream could plunge the City into a now-chronic operating deficit— especially when the other two main revenue streams, property and sales tax, were growing — points to other underlying problems in the City’s finances. Read more at svvoice.com

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