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After downward trend, new forecast predicts brightening economy in Palo Alto

Original post made on Dec 13, 2021

Despite taking a massive economic hit during the pandemic, the city's long-term outlook has grown increasingly rosy, with officials projecting years of steady growth and budget surpluses.

Read the full story here Web Link posted Friday, December 10, 2021, 4:31 PM

Comments (2)

Posted by Bystander
a resident of Another Palo Alto neighborhood
on Dec 13, 2021 at 9:36 am

Bystander is a registered user.

Delighted to hear this. Now stop all the doom and gloom and get back some of the things you stopped.

Posted by Consider Your Options.
a resident of Another Palo Alto neighborhood
on Dec 13, 2021 at 12:38 pm

Consider Your Options. is a registered user.

The budget is better than last year when draconian cuts were implemented, but "rosy" overstates it, unless one is wearing rose colored glasses. I don't think anyone on the current Finance Committee views the situation as "rosy."

The city has a lot on its plate with major construction in front of them and a structural deficit that has been reduced but not eliminated. We need to restore some services, but we also need to plan with an eye toward the future, setting money aside for known needs--grade separations, addressing aging community facilities like dilapidated Cubberley, pension liability, and mitigations to reduce and to address the effects of climate change which are not yet fully understood, etc. This will require thoughtful and balanced decision-making.

These things aren't sexy, but they are obligations and real needs that will affect the budget.

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