SJ Ready to Bring On New Taxes?

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    NEWSLETTERS

    TK
    Budget cuts approved for the city of San Jose

    Bring on the tax hikes. People in San Jose appear to be warming to the idea of new taxes according to the San Jose Mercury News.

    A poll commissioned by the city found while people prefer cuts in employee compensation, they're coming around to the idea of tax hikes. 60% of the people polled said they might vote for a quarter-cent sales tax hike that would bring the city sales tax up to 9.5%. 57% said they might vote to increase the city business tax. However, a proposal for a $95 parcel tax failed to gain majority support.

    San Jose has polled people on budget priorities since Mayor Chuck Reed took office in 2007. The city says there are no plans at this time to pursue new tax measures.