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Menlo Park mayor to address 'state of city'

Original post made on Mar 5, 2009

As Menlo Park grapples with narrowing its budget deficit, Mayor Heyward Robinson will deliver a "state of the city" address Tuesday, March 10.

Read the full story here Web Link posted Thursday, March 5, 2009, 5:22 PM

Comments (8)

Posted by Smarty-pants, a resident of another community
on Mar 5, 2009 at 6:35 pm

That shouldn't take long.


Posted by Simon Garfunkel, a resident of Menlo Park: Menlo Oaks
on Mar 5, 2009 at 9:39 pm

[post removed; see terms of use]


Posted by my take, a resident of Menlo Park: Central Menlo Park
on Mar 6, 2009 at 7:54 am

This council meeting is a complete waster of time and funds. Fergusson used it to promote herself, and that is what her protege Robinson is doing in her footsteps. Cohen not having outside political ambitions gave the Menlo Park voters a break by not wasting their time on such non-sense.

Well attend and get your free goodies -- maybe meet some long lost friends.



Posted by WhoRUpeople, a resident of another community
on Mar 6, 2009 at 11:33 am

If he wants to play big time politician, I have a suggestion that will feed the ego, save money, and probably provide some entertainment. Rather than provide refreshments (the cost saving part) after the mayor is finished with his speach (the ego feeding part), have one of the minority council members give a 5 minute rebuttal (the entertainment part). I think I would actually attend!


Posted by my take, a resident of Menlo Park: Central Menlo Park
on Mar 6, 2009 at 11:59 am

Since the minority consists of Boyle, I can't imagine thinking whatever he has to say to be entertainment. He is supposedly a smart guy, but his tenure thus far on the council has certainly not led me to such a conclusion.


Posted by Peter Carpenter, a resident of Atherton: Lindenwood
on Mar 6, 2009 at 1:34 pm

Here are some facts that the Mayor may wish to consider with regards to both the State of the City and property tax revenues:

Menlo Park Homes 94025

25.0% percent sold for less than the last recorded transaction
10.0% percentage of homes worth less than the owner owes on the original mortgage

Menlo Park Appreciation Rates (city-wide)
PERIOD
TOTAL APPRECIATION
AVG. ANNUAL RATE
Since 1990
209.96%
average annual 11.50%

Last 10 Years
166.76%
average annual 16.67%

Last 5 Years
52.81%
average annual 10.56%

Last 2 Years
0.14%
average annual 0.07%

Last 12 Months
-2.62%
average annual -2.62%

Latest Quarter
-1.71%
average annual -6.84%

Mortgage delinquency rates :

Nov 07 0.29%
Nov 08 1.02%

Foreclosures:
pre foreclosures 244 foreclosures 29


Posted by my take, a resident of Menlo Park: Central Menlo Park
on Mar 6, 2009 at 5:12 pm

In reference to Mr. Carpenter's data, WOW --- we are doing just great compared to almost all the rest of the country. I hope the data is accurate. Lucky us.

The big worry is what the future portends. City Staff's assumption on budgets going forward using 4% annual property value rises, at least for the next few years is clearly off the table.


Posted by Peter Carpenter, a resident of Atherton: Lindenwood
on Mar 7, 2009 at 5:04 pm

8,600 people asked the County last year to
review the value of their property
• That figure was up from 1,070 requests in 2007
and 770 in 2006
• About 5,200 of those homes were assigned a
lower value

Already in 2009 more than 40,000 homes in San Mateo County are being reviewed for reassessment.

I predict that the City will see a DECREASE in property tax revenues, perhaps as early as 2010 - depending on how quickly the County acts on reassessments.


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