"While Santa Clara County's ballot initiative to help shore up its coffers amid colossal federal cuts to Medicaid looks like it will prevail, the fiscal storm triggered by President Donald Trump's tax and spending bill is far from over. From the onset, county officials have warned that Measure A set to increase the local sales tax rate by 0.625% next April will only fill part of the huge gap left by roughly $1 billion in lost federal revenues annually."
"But without the funding stream, the county feared it would have to shut down critical health care services entirely as it expects to lose $223 million in federal money this year as a result of changes to Medicaid more than 50% of the Santa Clara Valley Healthcare system's revenues come from Medi-Cal, California's Medicaid program for low-income and disabled residents."
Santa Clara County plans a 0.625% local sales tax increase next April through Measure A to help offset massive federal Medicaid funding cuts. County officials estimate roughly $1 billion in annual lost federal revenues and expect a $223 million federal reduction this year tied to Medicaid changes. More than half of the Santa Clara Valley Healthcare system's revenue comes from Medi-Cal, increasing vulnerability to funding shifts. Without new local revenue, critical health care services faced potential shutdowns. Early election returns indicate Measure A will prevail, providing meaningful relief while substantial budget shortfalls remain.
Read at www.mercurynews.com
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