Each fiscal year, San Jose’s councilmembers are allocated $20,000 in “HP grants” that can be utilized to provide grants to cultural, educational or recreational groups. These funds are allocated solely at the discretion of the elected official. My allocations, listed in this column, represent my personal priorities and values not only as an elected official, but also as a proud citizen of San Jose.
The transfer of the naming rights from HP to SAP is a positive move. The naming rights deal has an annual value of $3.35 million. Even better, SAP is a software company known the world over.
The hot topic at Tuesday’s City Council meeting will be medical marijuana, and a soon-to-be administered regulatory program that has critics on all sides. While the Planning Commission has recommended a more lax approach to the council’s direction, the city’s administration appears unwilling to budge.
Hewlett Packard CEO Leo Apotheker’s move to exit the consumer computer business could bring more bad news for San Jose’s budget. The Palo Alto computing colossus currently pays San Jose and the arena’s management firm $3.25 million annually to hang its sign at the HP Pavilion’s entrance. Of that amount, $1.25 million goes directly into the city’s general fund. But with the agreement set to expire at the end of 2015, and HP’s plan to spin off its line of PCs—like the “Pavilion” models—the Shark Tank’s proper name seems unlikely to stick.