MENLO PARK FY2006 SALES TAX REVENUES DOWN by 3.86% FROM FY2005.
Original post made by Paul Collacchi, Woodside: Emerald Hills, on Oct 27, 2006
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]
Along with outright denial of key facts, 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.
Council Member 96-04
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