SAN JOSE — The Silicon Valley economy may be booming, but its self-professed capital, the city of San Jose, is hardly paving the streets with gold. The home of eBay, Cisco and Adobe can’t keep libraries open full time, plug most potholes or staff a police force that can investigate many burglaries.
While much of the focus of San Jose’s dreary budget picture has centered on rising pension costs, a deeper problem remains: San Jose pulls in less money in taxes per resident than other big U.S. cities and even its suburban neighbors because it simply doesn’t have enough shops and businesses to support its sprawling population.
By Nike Rosenberg at Mercury News
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