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Vote "no" on Measure L and Measure M.  Why vote no?

The City doesn't need the money!

The City has been making a big deal about its $4 million shortfall, and says that it needs two new taxes.

Does it? Let's look at the books.

The City's Investment Portfolio Report dated July 31 says...


Received 9-14-09 from City of San Mateo Finance Department

...the City has $107 million in various liquid investments such as money markets, state and county pools, CDs, Treasuries, and corporate notes.

The City's Comprehensive Annual Financial Report, or "CAFR" says...


From the Finance Department's web page, or at http://www.ci.sanmateo.ca.us/DocumentView.aspx?DID=4333 ) at page 3


In other words, the City has a bucket load of money in the bank, $11.3 million of which has been put there (by law!) so that the City can deal with economic fluctuations without raising taxes.


The City wants your money, but clearly does not need it. 

Vote "NO"' on these new taxes.

To residents who might view paying these new taxes as a reasonable civic contribution, we suggest donating instead to the schools.
 
Good schools have an enormous effect on the quality of life and property values.

All documents displayed on this web page were obtained from the City of San Mateo or its website.

We will continue to update this page thru November.

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