Read the full story here Web Link posted Thursday, April 14, 2016, 11:36 AM
https://n2v.almanacnews.com/square/print/2016/04/14/menlo-park-tax-revenues-spending-exceed-budget-estimates
Town Square
Menlo Park: Tax revenues, spending exceed budget estimates
Original post made on Apr 14, 2016
Read the full story here Web Link posted Thursday, April 14, 2016, 11:36 AM
Comments
Posted by Dana Hendrickson
a resident of Menlo Park: Central Menlo Park
on Apr 14, 2016 at 2:12 pm
a resident of Menlo Park: Central Menlo Park
on Apr 14, 2016 at 2:12 pm
A $1.4 Million unexpected surplus over 6 months. What is expected for the final 6 months? What will happen with this unbudgeted money?
Posted by new guy
a resident of Menlo Park: Downtown
on Apr 14, 2016 at 2:43 pm
a resident of Menlo Park: Downtown
on Apr 14, 2016 at 2:43 pm
So does this mean the UUT (user utility tax) can be set to 0% this year!!!
So does this mean the schools who are asking for 2 parcel taxes don't need this money now?
Posted by Menlo Voter.
a resident of Menlo Park: other
on Apr 14, 2016 at 2:47 pm
Menlo Voter. is a registered user.
a resident of Menlo Park: other
on Apr 14, 2016 at 2:47 pm
Menlo Voter. is a registered user.
"So does this mean the schools who are asking for 2 parcel taxes don't need this money now?"
They didn't need it to begin with.
Posted by Stats
a resident of Menlo Park: South of Seminary/Vintage Oaks
on Apr 14, 2016 at 7:41 pm
a resident of Menlo Park: South of Seminary/Vintage Oaks
on Apr 14, 2016 at 7:41 pm
"So does this mean the schools who are asking for 2 parcel taxes don't need this money now?"
Menlo Park revenues from property and hotel taxes, and charges for services don't flow to the schools. Individual school districts get a slice of property taxes only. It's fair to assume that the districts have seen an increase too, but whether the revenue increase is above each district's separate budget plan or whether the increase is is sufficient to cover a faster growing enrollment is a separate question.
Posted by new guy
a resident of Menlo Park: Downtown
on Apr 14, 2016 at 9:03 pm
a resident of Menlo Park: Downtown
on Apr 14, 2016 at 9:03 pm
Funny, so proponents admit that revenues are increasing. So why does the door hanger state:
"Menlo Park CIty School District faces increased enrollment numbers, while our revenues decline."
So which way are revenues going again?
Posted by Rebate
a resident of Menlo Park: Menlo Oaks
on Apr 14, 2016 at 11:47 pm
a resident of Menlo Park: Menlo Oaks
on Apr 14, 2016 at 11:47 pm
I have a novel idea, How about a rebate to the tax payers in Menlo Park.
Just because you have it doesn't mean you have to spend it.
Posted by conservative
a resident of Menlo Park: other
on Apr 15, 2016 at 8:52 am
a resident of Menlo Park: other
on Apr 15, 2016 at 8:52 am
There may have been a lot of unnecessary drama around the budget, which is always based on projections. We are fortunate that council and city staff are working with conservative estimates.
Menlo Park council settles on balanced budget: Jun 23, 2015
Basically, the budget will be balanced by moving $1 million in planned spending from the next fiscal year to the current fiscal year, which ends June 30. Web Link
Menlo Park council sends budget back for redo: Jun 17, 2015
The Menlo Park City Council on Tuesday night sent a proposed deficit budget back to the city manager with a request that he make changes so the budget will be in balance with anticipated general fund revenues for the fiscal year starting July 1. Web Link
