Jose Theater

How to Save the General Fund $10 MIllion

A housing report revealed last week at the oversight board meeting for the Successor Agency to the Redevelopment Agency (SARA) shows that the city has $10 million in funds that have yet to be allocated. While some people would like to direct these funds to affordable housing, which isn’t taxable and doesn’t create revenue, a better plan would be to direct the $10 million toward RDA debt. If this occurs, the exact same amount can then go toward the general fund, which pays for police, libraries and other community services.

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