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December 12, 2007

Comments

If this is going to be another bond/tax based on assessed value (historic cost basis), our group will be "tanned, rested and ready" for another battle! Again, we will vigorously opposed any such structure -- while continuing to advocate for fairer mechanisms, such as a community facilities district. Happy holidays everyone :)

Rich

I think it would be very difficult for the City to pass an assessed value tax:

1. We've just had two consecutive years of property tax rate increases (San Mateo High School District in '06 and the Burlingame Elementary School District in '07)
2. Trying to pass a property tax increase during a real estate downturn is going to be a huge challenge
3. The City's assumptions of cheap financing costs and ever increasing home prices don't look so conservative anymore
4. There are likely more residents opposed to a GO bond than before- 300-500 homes have sold in Burlingame since Measure H was defeated and these new homeowners will likely oppose an assessed value tax
5. The opposition is better organized
6. Most importantly, a Mello-Roos financing structure is a better and more equitable alternative that would not cost the average home owner much more than a GO bond

Holy Roller

The removal of trees at Burlingame High School began today.
According to the tree company employee I spoke to said that the damage done to some trees through removing roots has caused the trees to become unstable. Also some of the trees need to be removed for the heavy equipment to get access to the "contaminated" soil.
He did not know how many trees would be removed, but his crew was scheldued to be on site for three weeks.
I would have made this a new post but I do not know how to.
I hope more people will get involved.
This is going to get very ugly.
I am very disappointed the local news media is not paying attention!

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