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June 21, 2017

Comments

professorawesome

25 million estimate by 2040. NOT every year. And that is assuming an aggressive amount of development, NOT an increase in fees.

Bruce Dickinson

So, as they say in the music biz, for recording, production, distribution, and royalty contracts, the devil is in the details. While Bruce Dickinson believes this is one of the more interesting things coming out of council chambers lately (I know, very low bar) there a a few things that strike me as questions that need to be answered before, or, concurrently with this proposal.

What does this subsidizing fund look like? How will it give out money?

Is the money available for both renters and home buyers?

What are the qualifications to receive the money?

How much would it reduce the typical family's rent (or home purchase price)?

Just levying money with no clear plan on re-distributing it allows for the potential of mis-allocation or abuse further on down the road. As can be seen by a rec center now costing $45 million (at well over $1,000 per square feet, unheard of for this type of facility), there is already plenty of evidence that stewardship of your hard-earned dollars is not the city's forté, to put it mildly.

Between this and the increased sales tax rate proposal, Burlingame seems to be dead set on increasing revenues via seemingly more desperate measures. Translation: expect more of the build. build, build mentality as the city seems to love protecting their incumbency, their job security, salary/benefits, and community business, real estate and development interests.

The steam-roller is coming head-on and either get out of the way, or be run over and flattened!


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