SAn Jose's budget

San Jose's budget office projected modest deficits over the next five years, in part because officials are recommending $11.1 million a year to be set aside for increasing the compensation of employees who have taken pay and benefit cuts in recent years.

Projected General Fund Expenditures / Incremental General Fund Surplus/(Shortfall) / City General Fund Retirement Contribution Costs

2013-14 $858.2 million / ($5.5 million) / $275.8 million

2014-15 $893.1 million / ($13.7 million) / $295.1 million

2015-16 $916.8 million / $2 million / $301.6 million

2016-17 $952.4 million / ($4.7 million) / $312.6 million

2017-18 $991.2 million / ($6 million) / $329.6 million




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