The Silicon Valley Organization Positions in the local 2018 November Elections are as follows:
SUPPORT: Measure U
Removes the City Council‚Äôs ability to determine their own salaries. Allows the City Council to place competing ballot measures on any election with a 2/3‚Äôs supermajority.
SUPPORT: Measure V
allows the City of San Jose to issue general obligation bonds, in the amount of $450 million, to finance affordable housing projects. The general obligation bonds would assess an average levy of $0.08 per $1,000 of assessed home value, meaning that a home assessed at $1,000,000 would pay an additional $80 annually if this bond is passed.
SUPPORT: Measure S
This is a city charter amendment that would change the city‚Äôs current procurement process for private contractors to bid on public works projects. Currently, the City of San Jose uses a ‚Äúlowest responsible bidder‚Äù process to select contractors and the ballot measures would amend the process to ‚Äúbest value contracting‚Äù, which includes additional criteria such as labor standards into the procurement bidding process.
NEUTRAL: Measure T
This would allow the City of San Jose to issue general obligation bonds, in the amount of $650 million, to pay for municipal infrastructure projects such as street repairs, upgrading 911 communications facilities, rebuilding the city‚Äôs storm sewer system, and fixing potholes. The general obligation bonds would assess an average levy of $0.11 per $1,000 of assessed home value, meaning that a home assessed at $1,000,000 would pay an additional $110 annually if this bond is passed.
San Jose City Council District 9
In District 9, the SVO Political Action Committee (PAC) endorsed Pam Foley. Pam has served as an elected Trustee of the San Jose Unified School District since 2004 and a small business owner in the mortgage industry for over 30 years. Pam has consistently demonstrated a keen understanding of the issues that impact small businesses and those issues that most impact the community. This has earned Pam SVO PAC‚Äôs sole endorsement.
From our official press release:
San Jose, Calif.‚ÄîThe Silicon Valley Organization Board of Directors voted this week to take positions on four ballot measures in the upcoming 2018 November elections.
The SVO announces its support of the following:
The SVO will remain neutral on Measure T, a $650 million public safety and infrastructure bond.
‚ÄúThe business community is not blind to the housing challenges our region faces,‚Äù said Matt Mahood, The SVO President & CEO. ‚ÄúMeasure V aims at addressing the missing middle: our community‚Äôs working families, veterans, seniors, teachers, nurses and paramedics. The SVO and its members believe that this approach will offer the residents who call San Jose home the support they need to achieve a higher quality of life. And that‚Äôs good for business.‚Äù
The SVO took an oppose position to Proposition 6 and 10, and a support position to Proposition 4 earlier this year.
The SVO is also supporting San Jose City Council District 9 candidate Pam Foley in the 2018 November elections.