...Title
Economic Revitalization Fund for East San José. (Ortiz)
...Recommendations
Direct staff to return, as part of the FY 2026-2027 budget priority setting study session, with a conceptual framework for establishing an Economic Revitalization Fund dedicated to improving the public safety, cleanliness, economic vitality, and public infrastructure of East San José. The framework can then be considered during the 2026-2027 budget cycle, where city funds can be leveraged alongside state and federal grants and philanthropic dollars.
The framework should include:
• An allocation of $30 million to be used on projects to revitalize the East Side.
• A timeline for fund development and initial allocations.
• Identification of eligible uses and priority investment areas.
• Strategies for leveraging external funding sources.
• Mechanisms for ensuring transparency, accountability, and community engagement.
• Robust public outreach with the East San José Community to determine spending priorities.