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Campbell economic-development manager urges streamlining, protection for industrial land
Summary
At a March 10 study session, Campbell’s economic development manager outlined the city’s fiscal picture, warned that sales tax is highly concentrated among few taxpayers, and proposed streamlining conditional-use processes, protecting industrial zones, and modest zoning tweaks for hotels to retain businesses and encourage reinvestment.
At a March 10 study session, Nathan Donado, Campbell’s economic development manager, gave planners an extended briefing on the city’s economy and recommended policy ideas aimed at retaining major taxpayers and making it easier for small businesses to open.
Donado framed three central aims for city economic policy: stabilize and broaden the tax base, support jobs, and preserve the amenities that make Campbell attractive. He said Campbell’s general fund is roughly $70 million and that property tax and sales tax are the two largest general-fund revenue streams. He added that the city’s hotel portfolio generates about $4 million annually and that sales tax is an especially responsive revenue source.
Highlighting a core vulnerability, Donado said Campbell’s sales-tax base is highly concentrated: the top 100 payers…
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