San Jose says it closed a $35.6 million shortfall and cut next-year deficit in half An unidentified speaker said the city closed a $35.6 million general-fund shortfall and reduced the next year's projected deficit from $52.9 million to $25.2 million, while protecting core services and securing top-tier bond ratings with a clean audit.

San Jose has turned the tide, closing a staggering $35.6 million shortfall and slashing next year's deficit in half while maintaining essential services and securing top-tier bond ratings!

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