| By contrast, our city council may add another special presentation to the meeting agenda. |
"Moving Burlingame’s City Hall is one option being discussed while city officials determine how to tackle unfunded infrastructure needs that add up to approximately $100 million. There are 11 unfunded infrastructure projects. .... Funding is one of the number one concerns for council. Aside from public/private partnerships, financing options include debt financing, a pay-as-you-go approach, tax revenue increases such as parcel taxes, utility user taxes, sales tax increases or a business license ordinance overall and various bonds.
.... “We do have a proposal to build the city a parking structure for free; we could explore that approach.” One developer approached the city during a study session and said if the city gave him two parking lots, he would then build a parking structure and mixed-use project on another parcel, Terry Nagel (Vice Mayor) said. There are a lot of variables on deciding how to finance and choose which projects to prioritize, Nagel said. .... One way of keeping this momentum going is to put out a request for proposals for the City Hall and a parking structure, City Manager Lisa Goldman said." Read article.
Note graphic from The Guardian global development professionals network.
Posted by Kathy Meeh
3 comments:
Kathy
Seriously? Slavery? Do you think when you post this shit?
Slavery and the Racial tensions was probably one of the darkest periods of this county?
Come on your better than that.
432, by contrast to Burlingame-- "come on", its another special presentation. City council continues to do anything, but focus on the core issues confronting this city: fixing economic and civic development.
"Seriously", I do "think when I post this shit." Granted: slavery was "one of the darkest periods of this country", and unfortunately slavery still exists through human trafficking in pockets of the modern world. (You may wish to open the graphic Guardian network link. And note: the words in italics are your words.)
Burlingame has very strong revenues. It comes in about 40% hotel tax and 30% each for property taxes and sales tax revenue (lots of car dealerships). The CAFR for 13-14 isn't out yet but according to the 2012-13 report, general fund budget was $37mil, which they under spent by about $1mil. Meanwhile, revenue was $51.6 million, for a $14+mil surplus in that year alone. They have $19mil in designated reserves, are current on their future pension and healthcare funding liability trust accounts and have an additional $85mil in investment accounts. Their water and sewer funds are in similar fine shape.
In short, It's a whole different world there.
Post a Comment