Fiscal Analysis
The Draft Fiscal Analysis for Coyote Valley development concludes that San Jose will make more money in tax revenues from development than it will spend on providing government services. It reaches this conclusion by assuming that residential property values and resulting taxes will increase 3% above inflation every year for 57 years.
The Committee for Green Foothills disputes this analysis, arguing that because household income has only increased 1% above inflation annually in San Jose, it is impossible for the cost of housing to continuously increase faster than the means to pay for housing costs. The Committee also argues the Draft Analysis overestimates income by failing to account for tax revenues "cannibalized" by businesses moving from other parts of San Jose to Coyote Valley.
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