We have not seen, in recent times, the worst drought California has endured. But it is very difficult to predict. Ms. Hill recommended the city do a fiscal analysis to consider the change in retail sales business, as well as the effects of redevelopment. A fiscal analysis could address those questions as well. Different land uses have different economic impacts.
Primary factor is the cost of the building space.
Property taxes do not adequately cover those costs, which is why local agencies turned to impact fees to pay for those services. A PMT member asked that alternate sources of revenue be considered to pay for the cost of services in the community. Maintaining an economically mixed population is important. Providing more education so that people are trained for higher paying jobs is not the answer. Providing housing for the entire community is important.