It's the Economy!
Original post made by Martin Engel, Menlo Park: Park Forest, on Nov 24, 2008
The State is $28 billion in the hole for this current budget. Does anyone know how much each of our cities receives from the state? How much does Menlo Park receive, annually, from Sacramento?
Furthermore, will this fiscal crisis in the US and in California affect our budget situation locally? Will it affect San Mateo County? If it is a crisis for everyone else, why isn't it a crisis for us?
Economic projections say next year promises to be worse than this. Will that be true for us in Menlo Park?