Real estate billionaire Carl Berg and deep-pocketed developer Chop Keenan are squaring off with San Jose on a senior housing development.
Election season brings about some odd transfers of money when it comes to political contributions, and maybe no stranger transaction took place last year than the $4,000 the San Jose/Silicon Valley Chamber of Commerce Political Action Committee (ChamberPAC) returned to the Santa Clara Valley Water District in August. According to standards set by California’s Fair Political Practices Commission, a public entity is forbidden from contributing to any PAC, while the IRS says schools and charities risk losing their tax exemptions if they give money to PACs that support political candidates—which the ChamberPAC certainly does.
The San Jose Silicon Valley ChamberPAC has just announced they are endorsing Magdalena Carrasco for the District 5 city council seat.
“In this time of economic uncertainty, San Jose needs independent, common sense leaders like Magdalena Carrasco at City Hall,” said incoming ChamberPAC chairperson Joshua Howard in a statement. “Her commitment to neighborhood business and job creation will be a welcome addition to the council.”
A relative outsider to the local political scene, Carrasco beat out other East Side candidates Xavier Campos, Aaron Resendez and J. Manuel Herrera for the chamber’s backing.