https://n2v.almanacnews.com/square/print/2009/03/23/mp-council-set-to-ok-188-million-in-projects

Town Square

MP council set to OK $18.8 million in projects

Original post made on Mar 23, 2009

The Menlo Park City Council looks poised to approve a series of projects Tuesday (March 24) for the fiscal year beginning July 1, including $2 million in infrastructure spending from the city's capital improvement fund. The meeting starts at 7 p.m.

Read the full story here Web Link posted Monday, March 23, 2009, 12:59 PM

Comments

Posted by Peter Carpenter
a resident of Atherton: Lindenwood
on Mar 23, 2009 at 7:45 pm

I hope that any elected official serving a jurisdiction that depands on sales taxes and property taxes fully appreciates how much those revenue streams will be impacted by the current economic recession before they make long term financial commitments.

Sales taxes have already fallen but the impact on property tax revenues will not be seen until 2010 and later years.

See Web Link and the .pdf file listed as 'MPFD Revenue Information' on that page for my analysis of this situation.

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Posted by pants on fire
a resident of Menlo Park: other
on Mar 31, 2009 at 6:45 am

[Inappropriate comment removed]

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