The Menlo Park City Council will review tonight (June 7) the city's proposed budget, which projects a surplus of $3.4 million in the fiscal year starting July 1.
Revenue of about $110 million and expenses of about $107 million are projected.
In the city's general fund, which covers about 50 percent of the city's finances and the "vast majority" of the city's public services, revenue of $51.6 million and expenses of $51.4 million are projected.
In a 10-year budget forecast, revenue increases are assumed with new hotels opening and "modest growth in property taxes" while revenue decreases are assumed via a loss of education-based refunds from the state and slowing development. Average changes in the Consumer Price Index were also factored in.
In other action the council may:
● Vote to continue for three more years a process to make it easier to build secondary dwelling units in Menlo Park.
● Authorize no parking zones to be installed along the proposed Oak Grove bike route, covering Middle Avenue near Fremont Street, Menlo Avenue near Curtis Street, Oak Grove Avenue near Marcussen Drive, and Sharon Road near Eastridge Avenue.
● Authorize construction contracts and budgets to install sidewalks on Menalto Avenue and O'Connor Street and install pedestrian and bike improvements along Valparaiso Avenue and some surrounding streets.
● Authorize approval for a contract to drill a well that would offer emergency water supply, located at the city's corporation yard at 333 Burgess Drive. Currently, about 3,000 residences and businesses could be without water during a significant natural disaster, according to the staff report. At least two other emergency wells are also being pursued by city staff, and are expected to bring a contract for a consultant to the city council "in the near future."
The Menlo Park City Council will meet for a closed session at 6 p.m., then begin its regular meeting at 7 p.m. at the Menlo Park City Council Chambers at 701 Laurel St.