https://www.siliconvalley.com/2024/05/07/santa-clara-county-comes-up-with-the-money-to-close-the-projected-250-million-deficit/

With a previously projected $250 million deficit, Santa Clara County’s fiscal forecast looked rather bleak for the coming year. But after making reductions and pulling revenues from its various departments, the county managed to bridge the gap in its newly released $12.4 billion budget.

The recommended budget for the 2024-25 fiscal year is the first overseen by County Executive James Williams, who took the helm last July as the county worked to close a $120 million deficit on its $11.3 billion budget. Since then, the fiscal uncertainty has continued with officials warning that the growing cost of labor and a slow turnover in property ownership — which has curbed tax revenue — is fueling a dismal financial forecast.