https://www.siliconvalley.com/2024/06/11/san-jose-approves-5-3-billion-budget-diverts-more-than-23-million-from-affordable-housing-to-homelessness-solutions/

As the San Jose City Council approved the 2024-25 $5.3 billion budget on Tuesday evening, it shifted more than $23 million that was previously allocated to build permanent affordable housing to a tranche to support the city’s unhoused population and fund shelter construction and operations.

The battle over how to use Measure E dollars — a real estate transfer tax for properties over $2 million — reared its head once again in this year’s budget process. The tax, which was passed by voters in 2020 and is expected to generate $50 million in the next year, originally had set spending priorities that dedicated a majority of the money for permanent affordable housing. But last year in an effort to curb homelessness, Mayor Matt Mahan proposed spending more heavily on interim solutions.