Innovative Financing Strategies

San José aggressively works to maintain its high credit ratings (Aa1/AA+/AA+) through its strong financial management and prudent borrowing. In the last three years, San José voters have approved $597 million of general obligation bonds for parks, library and public safety projects for the first time in over 30 years. The City works actively to leverage both public and private funds to build a creative community. Public funds are leveraged through partnerships with San José’s Redevelopment Agency to finance projects like the San José Convention Center and downtown parking garages. Private funds are leveraged to increase affordable housing. Additionally, the City has entered into partnerships with private entities to finance community assets such as an indoor ice-skating rink, two golf courses and the conversion of a historical mansion to a conference center.