City Council and Authorities Concurrent - 2026-05-05
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Meeting Summary
The Santa Clara City Council held a study session on the FY 2026-2028 biennial budget, which shows a balanced 10-year forecast with $35 million in additional revenues from strong sales tax growth and SVP transfers.
Key Decisions (5)
FY 2026-27 Annual Action Plan for HUD Grant Funds
TEFRA Hearing for Clara Gardens Affordable Housing at 3550 El Camino Real
Parks and Recreation Master Plan Adoption
Development Activity (3)
Clara Gardens (Phase 2 of Bella Vista Inn)
Residential
North Santa Clara Park (Related City Place)
Other
International Swim Center Improvements
Infrastructure
Market Signals (6)
Housing Demand
City approved $50 million in tax-exempt bonds for 120-unit affordable…
Commercial Demand
Related City Place development timeline remains uncertain due to current…
Infrastructure
City's 10-year forecast shows $252 million in unfunded high-priority infrastructure…
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