By Matt Williams
The Tuesday night agenda has Council making two very important fiscal decisions, specifically,
- In Item 5, because the current budget can’t be balanced with 100% of General Fund revenues covering expenses, if approved, Council will ask the voters to vote on two parcel taxes that the Staff Report for the Item describes as follows,“Based on the Leland long-term forecast the two parcel taxes generate an annual average of $4.6M in new revenue.” Approval of those taxes will increase General Fund revenues from 100% of current to more than 107% of current.
- In the Item 7 proposal to put the Nishi Residential Development on the June Ballot, the updated New Development Fiscal Model that Staff has presented to Council and the FBC for evaluation of the Nishi project uses a baseline of 75% of current General Fund Expenses (in the City’s Budget annual Expenses equal annual Revenues), and at that 75% level Staff“estimate(s) that annual ongoing revenues and costs for the city from the project would be modestly net positive over time.”
My question to you and the members of City Council and to the all Davis voters is why staff and the Council are considering holding the current taxpayers of Davis to a 107% standard at the same time the Nishi project is only being held to a 75% standard. Shouldn’t Nishi be responsible for the same 107% burden as current taxpayers are responsible for?
Why should current City taxpayers be responsible for a 107% “Fair Share” of the current City Budget while the Nishi development project only is responsible for a 75% “Fair Share”?
Why is Council considering asking the Davis taxpayers for more, while simultaneously asking the Nishi developers for less?