The vast amount of property Apple owns in Cupertino has led it to take part in a number of initiatives to improve the city. In April, the company proposed to pay $9.7 million to the city towards a selection of eco-friendly transportation projects across Cupertino, including bikeways and better sidewalks, shortly after the city agreed to delay tax changes that would have cost Apple $9 million.
Not all of the payments have been one-way. Apple is currently offering $9.7 million to fund bike and pedestrian transportation project. However, this would also be an attempt to sidestep proposals to impose a per-employee tax on Apple employees.
Apple offers $9.7 million for transportation projects in Cupertino
Constructing a new, safer dam was the largest of the 87 projects included in the Water Systems Improvement Project, a $4.8 billion initiative that was approved by voters in 2002. The dam cost $823 million and took nearly eight years to complete, four years longer than initial estimates, and more than double the cost. When construction began, the water level in the dam was reduced even further, to 20% of its capacity.
Quoting from the article on PA's new budget increase, there is no way that $61,000 even comes close to the $9,700,000 in tax receipts that Mr. Keene expects from US the taxpayers support the commuting population!Web LinkCitywide, the budget calls for spending $139 million on capital improvements, a figure that is somewhat below the current year's budgeted amount of $188 million, but far above the $62.4 million and the $51.8 million that the city had spent in 2015 and 2016, respectively.In addition to moving ahead with the design work on the new garages, Keene is proposing to raise the cost of parking permits for existing parking facilities. The budget calls for raising parking-permit revenues between 25 percent and 75 percent by increasing the price of parking permits and using these revenues to implement a "comprehensive parking management plan." The funds would be used to streamline the city's permit system, install parking meters and other paid-parking technology and support transportation initiatives that steer drivers to other modes of transportation.In presenting the new budget, Keene wrote in his transmittal letter that the document "reflects a strong local economy that has led to stable revenues which support the wide array of programs and initiatives" that the city provides to its residents. It would maintain competitive wages for employees and a high level of services for the community, while providing funding for top council priorities, he wrote.To pay for the rising expenditures, the budget relies on a combination of rising tax revenues (the budget projects a growth of 8 percent, or about $9.7 million, in major tax revenue receipts) and a $3.2 million withdrawal from the city's budget-stabilization reserve. The one-time withdrawal, Keene wrote, would still leave the reserve with $39.1 million, just above the council's threshold of having at least 18.5 percent of the budget in the reserve 2ff7e9595c
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