Council cautiously optimistic about financial future | April 11, 2014 | Palo Alto Weekly | Palo Alto Online |

Palo Alto Weekly

News - April 11, 2014

Council cautiously optimistic about financial future

New forecast shows rising revenues and looming uncertainties

by Gennady Sheyner

Palo Alto's economic recovery may be in full bloom, but city leaders offered plenty of reasons for caution Monday, including uncertainties over labor negotiations, infrastructure needs and lease negotiations over Cubberley Community Center.

This story contains 808 words.

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Staff Writer Gennady Sheyner can be emailed at gsheyner@paweekly.com.

Comments

Posted by Resident, a resident of Another Palo Alto neighborhood
on Apr 8, 2014 at 10:15 pm

Looks good as long as you don't consider Palo Alto's unfunded public pension and benefits liability of $200-500 million, depending on which estimate you like.


Posted by David Pepperdine, a resident of Another Palo Alto neighborhood
on Apr 9, 2014 at 8:18 am

[Post removed.]


Posted by Breathing their own Exhaust, a resident of Crescent Park
on Apr 9, 2014 at 1:31 pm

Good. Since the council has so much revenue to blow on 250K public relations managers, raises for the failed city manager and city attorney, and a $7M raise for our overpaid union workforce, we can all vote "NO" on any tax increase they try to sell us under the guise of "critical infrastructure"


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