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San Jose says it closed a $35.6 million shortfall and cut next-year deficit in half
Unidentified Speaker · January 28, 2026
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Summary
An unidentified speaker said the city closed a $35.6 million general-fund shortfall and reduced the next year's projected deficit from $52.9 million to $25.2 million, while protecting core services and securing top-tier bond ratings with a clean audit.
An unidentified city speaker described what the administration called a successful fiscal year, highlighting deficit reductions and credit ratings.
"San Jose successfully closed a $35,600,000 general fund shortfall and reduced our projected…
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