http://almanacnews.com/print/story/print/2012/06/20/portola-valley-budget-grows-mainly-due-to-pass-throughs


Almanac

News - June 20, 2012

Portola Valley budget grows mainly due to pass-throughs

A budget substantially larger than usual will come before the Portola Valley Town Council at a special meeting that starts at 7:30 p.m. Wednesday, June 20, in the Historic Schoolhouse.

The projected budget shows revenues of $4,588,589 and expenses of $4,584,201 for the fiscal year that starts July 1. The figures represent a 19 percent increase over the previous year and would yield a surplus of $4,388.

The revenues include $65,000 from higher building permit fees, a $137,000 loan repayment from the state, a $20,000 contribution by Stanford University to maintain the Dwight Crowder Trail, as well as all contributions toward the $588,000 to renovate Ford (baseball) Field.

Many of these revenues projections, including those for Ford Field, are passed right through to the expense side, representing a parallel increase in expenses, Administrative Services Officer Stacie Nerdahl told the Almanac.

Also on the council's agenda: A public hearing on amendments to the town's zoning ordinances, including a proposal to shorten to 15 days the current 30-day window that property owners have to appeal conditional use permits and variances.

Go to tinyurl.com/PV-zoning and go to Page 50 for more information.

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