Santa Clara County supervisors proposed a sales tax increase to alleviate a projected billion-dollar budget shortfall caused by federal funding cuts. The countywide sales tax would rise to 9.75%, and cities like San Jose, Milpitas, and Campbell could reach tax rates of 10% or more. Revenue loss is projected to be $1.3 billion by the 2029-30 fiscal year, significantly impacting healthcare funding. About 70% of public healthcare in the county relies on Medicare and Medicaid, making the situation critical for many residents' health insurance coverage.
The countywide sales tax would rise to 9.75%. San Jose and Milpitas, which have district sales taxes as well, would charge customers a 10% tax within their city limits.
Williams forecast Thursday that county revenue will suffer a $1.3 billion loss by the 2029-30 fiscal year.
About 70% of the county's public healthcare system, which has expanded rapidly in recent years, is funded by Medicare and Medicaid.
"It is literally a reflection at a national level, in California and in our home county, of thousands of individuals who will lose health insurance coverage," Williams said.
Collection
[
|
...
]