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Menlo Park Mayor Nicholas Jellins learns of “larger than expected budget surplus"

Original post made by Richard Hine, editor of The Almanac, on Oct 27, 2006

This story contains 470 words.

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Comments (4)

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Posted by Paul Collacchi
a resident of Woodside: Emerald Hills
on Oct 27, 2006 at 9:54 am

MENLO PARK FY2006 SALES TAX REVENUES DOWN by 3.86% FROM FY2005.

According to the same reports released by finance director, Carol Augustine, to city council members, (I got mine from a council member), fiscal year sales taxes for 2006 are DOWN by 3.86% from FY2005, and at $5.7M are now below $6M per year, setting them back to levels last seen in 1993.

Menlo Park’s structural revenue problems are not being addressed. There is no recovery in sight. The elimination of Menlo Park’s sales tax based was predicted by a former council, in 1999, and is described more fully here [Web Link]

The selective release of fragmented, mis-stated, and incomplete financial data, favorable to positions and policies advocated by the Council majority of my former colleagues, Mickie Winkler, Lee Duboc, and Nicholas Jellins is one of the most troubling aspects of their governance.

Paul Collacchi
Council Member 96-04
Mayor, 1999



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Posted by Disgusted resident
a resident of Menlo Park: Central Menlo Park
on Oct 27, 2006 at 11:33 am

Gee, maybe with the extra $1 million, the city can hire a competent finance director.

Oh, and Mr. Jellins? I think the impact of an extra $1 million on a $1.8 million structural deficit is that the structural deficit will be reduced by $1 million. I know basic math seems to elude both Menlo Park staff and the council majority (especially Trickie Mickie), so perhaps they could use $5 of that surplus to buy a calculator.

$1.8 million - $1 million = $800,000.

I can't believe the level of incompetence and political chicanery going on in Menlo Park these days. There's no way the previous finance director would have overlooked $1 million in revenues from the previous fiscal year.


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Posted by Check Figures
a resident of Menlo Park: Downtown
on Oct 27, 2006 at 12:27 pm

DISGUSTED: Actually, it's a little more complicated than that. A one-time $1 million surplus may reduce the draw on reserves in the following fiscal year, but is no guarantee of a permanent $1 million reduction in the STRUCTURAL deficit.

It is weird that it's taken this long to find this extra $1 million from the fiscal year that ended June 30. That's four months ago! And to get this news just before the election, on top of the news about the GM auto mall, and the expansion of Stanford Park Hotel. You don't think any of this has anything to do with the election, do you?

MR. JELLINS: Please explain why it's taken so long to find this extra $1 million in the town treasury.


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Posted by Gern Blanston
a resident of Menlo Park: Linfield Oaks
on Oct 27, 2006 at 12:55 pm

I, personally, would like to thank Mayor Jellins and councilmembers Winkler and Duboc for wrangling the price of gasoline to less than $3/gallon. Without their hard work and financial savvy I have no doubt Menlo Park (and the nation) might be paying $5 or more. I eagerly await the press release outlining how this was accomplished.

Gern

P.S. November 7th is payday.


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