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City staff detail how San Jose’s construction-and-conveyance tax is allocated and why it leaves little discretionary funding for parks
Summary
At a council study session, staff explained the multi-step C&C tax formula: a split between a general allocation and parks, fixed costs and citywide allocations, leaving limited funds for district and equity-directed projects; staff showed a worked example and 10-year revenue variability.
City staff explained in detail at the Oct. 27 study session how San Jose’s construction and conveyance (C&C) tax is split and why the formula produces limited discretionary funds for parks.
"When C&C revenue comes into the city, it is first split," John Cicero said, explaining the formula described in municipal code. Cicero summarized the allocation: a portion (about 36%) is part of a general allocation to other services; the remaining 64% is for parks. From that parks portion the code requires fixed deductions (park…
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