Partial funding for a proposed, pedestrian-friendly facelift for Burlingame Avenue will come from forming an assessment district in the area — a move that was approved Monday evening. The $15.9 million project will be covered through a combination of city funds, parking rates an d money raised through assessing property o wn e rs. O n M o nd ay, th e Burlingame City Council held a public hearing to consider forming an assessment district for downtown Burlingame Avenue streetscape improvements.
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Fifty weighted ballots were sent via certified mail to all property owners April 5. As of Monday, 34 had bee n recei ved. Of th ose, two were duplicates and two were dis- qual ified.
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In tota l, 18 ballot s, repr e- senti ng $20 9,665.5 4, fav ored the asse ssme nt while 13, repre senti ng $91,5 86.68, oppos ed the measur e, City Clerk Mary Ellen Kearney said, accor ding t o a video of t he meeting. Ballots were weighted based on the assessment amount of the parcel. After it was clear there was not a majo rity op posit ion, the coun cil unanimously voted to create the dis- trict which will raise $335,787 annua lly, for u p to 3 0 year s, for a total of $4.475 million. Each councilmember was excited about the newly-forme d district.
“Mayb e our mott o will be: Just like Paris without the attitude,” Mayor Jerry Deal joked about the updated downtown. The assessment district is one financial piece for an overall $15.9 million improvement project for the. W ASHINGTO N — A new gov- ernment study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect would probably throw the economy into a recession. The Congressional Budget Office report says that the economy would shrink by 1.3 percent in the first half of next year if the government is allowed to fall off this so-called “fisca l cliff ” on Jan. 1 — and tha t the higher tax rates and more than $100 billion in automatic cuts to the Pentagon and domestic agen- cies are kept in place.
There’s common agreement that lawmakers will act either late this year or early next year to head off the dramatic shift in the govern- ment’s financial situation. But if they were l eft in place, CBO says it would wring hundreds of billions of dollars from the budget deficit that would “represent an additional drag on the weak economic expansion.” CBO projected that the economy would contract by 1.3 percent in the first half of 2013, which would meet the traditional definition of a reces- sion, which i s when th e econo my shrinks for two consecutive quar.
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