Federal and state lawmakers will meet in San Jose to address significant federal spending cuts that threaten the public hospital system and social safety net. The meeting will include local representatives discussing the anticipated loss of over $1 billion in revenue from Medicaid cuts. To mitigate this impact, voters will consider a sales tax increase to fund the hospital system, which could generate $330 million annually until 2031. However, challenges remain due to Proposition 13, which limits property tax revenue for the county's fiscal stability.
Officials anticipate losing more than $1 billion in revenue over the next few years due to cuts to Medicaid under the new federal spending bill.
The county supervisors voted to place a five-eighths cent tax increase measure on the November ballot to protect the public hospital system.
The proposed tax measure could generate $330 million annually until 2031 if voters approve it, but won't fully address fiscal challenges faced by the county.
Santa Clara County operates two of the Bay Area's three trauma centers and the only regional burn center.
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