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Local News Palo Alto Raises Utility Rates Again Palo Alto customers will see utility rates increase by about 10% to help pay for infrastructure needs. The average customer’s bill will increase by $30 over the next 12 months, totaling about $390 per year. City leadership stated that these infrastructure needs across multiple services are necessary to meet minimum federal regulations and maintain service […]
Local News Assessor Larry Stone Resigns Larry Stone, who has served as Assessor in Santa Clara County since 1994, announced his resignation effective July 6. Stone’s assistant, Deputy Assessor Greg Monteverde, will serve in his place until Tuesday, Aug, 12, when the Santa Clara County Board of Supervisors will appoint an interim assessor. Stone has been a formidable political leader and […]
Local News State Budget Seeks to Close $12B Deficit This month, the California Legislature approved a state budget that closes a projected $12 billion deficit. Much of the concern, however, revolves around losing federal funding. The state is contemplating withholding income tax revenue from the federal government if it deems any funding cuts unconstitutional or illegally enforced. Overall, the state budget reaches above $325 […]
Local News Atherton Considers Charter Status and Transfer Tax The Atherton City Council is considering whether to pursue charter city status. While the council says the primary motivation is not to raise revenue, members have discussed a potential funding measure based on real estate values. Since Atherton has very little commercial property, residential real estate is the most likely source of additional revenue. Most […]
Local News Becker Bill to Limit Builder’s Remedy Dies Senator Josh Becker’s legislation, SB 457, which aimed to place certain limits on builder’s remedy projects, failed in committee recently. Senator Becker stated that the primary motivation behind the bill was the proposed project at the Sunset Magazine site in Menlo Park. This proposed project includes a 37-story building, a hotel and thousands of square […]
Local News State Bill Pushes Regional Transit Tax SB 63, spearheaded by Senator Scott Wiener of San Francisco and Senator Jesse Arreguin of Berkeley, aims to implement a regional transit tax across the Bay Area. Valley Transportation Authority (VTA) previously discussed whether to participate in a regional tax measure or pursue its own local measure. This legislation appears to lean them more towards […]
Local News Palo Alto Considers Revenue Options for Affordable Housing At last week’s city council meeting, Palo Alto council members discussed whether to pursue a revenue measure to help fund affordable housing projects in the city. Palo Alto is expected to add 6,000 units in the next eight years, with half of those being below market rate. However, funding for those below-market-rate units is significantly […]
Local News Townhomes Considered in Prime Los Gatos Location The site of a walnut orchard in Los Gatos, 14789 Oak Rd., is slated to be reviewed in the coming months for the development of up to 138 townhomes. Developer Urban Catalyst has submitted plans, which include 28 below-market-rate units, at the seven-acre site. The site is designated as a potential housing site in the […]
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Local News Santa Clara County Finally Sees Housing Element Approved The County of Santa Clara gained state approval for its housing element nearly two years after its initial mandatory deadline. The housing element, which was due January 31, 2023, requires all jurisdictions to plan for their mandated housing growth over the next eight years. It holds the County responsible for creating space for 3,100 more […]
Local News Santa Clara County Supervisors Fail to Ban Turf In an attempt to decrease water usage and expand opportunities for youth sports, many cities and public agencies began switching over to turf fields and playgrounds a number of years ago. Recently, activists have begun challenging whether or not turf fields actually are a safe alternative to grass fields. Anti-turf activists claim the chemical compounds […]
Local News Los Altos Continues Charter City Pursuit and Revenue Measures At the January 14 City Council meeting, Los Altos officials continued a discussion on whether or not to become a charter city. Currently, Los Altos is a general law city, which generally means all of its authority and procedures are determined by state law. However, by becoming a charter city Los Altans would have the […]
Local News 2025 Economic Summit! It’s a new year, and the Coldwell Banker® Economic Summit is here! This event is an eagerly awaited and invaluable virtual presentation where you’ll have the opportunity to gain insights from globally renowned Chief Economist Dr. Elliot Eisenberg. He’ll share his wealth of knowledge and expertise, offering a glimpse into what the upcoming year may […]
Local News Cupertino Debates What to Do with Expiring Affordable Restrictions Several properties in Cupertino will lose their affordable housing restrictions next year. One of these properties is the Aviare Apartments, which will lose its affordable deed restrictions in 2026 (others owned by the company will not expire until 2038). Several other nearby complexes have similar deadlines in the next year or two. In response to […]
Local News Farmers Insurance says it will add more policies in California In a surprise announcement, California’s second-largest insurance provider, Farmers Insurance, says it is going to add more policies for property owners. Starting Saturday, Farmers will start taking applications for new policies, including for condominiums, renters, umbrella, landlord, vacant and manufactured home policies. Farmers Insurance stopped writing policies for California renters and condo owners last year, […]
Local News The Ultimate Guide To Winter To show our appreciation to clients and friends, we have created this awesome guide to help you celebrate the most wonderful time of the year! Filled with delicious and easy-to-make meals, family-friendly crafts and games, and some of our favorite wintertime activities, we’re sure you’ll find plenty to explore and enjoy. Browse our guide and […]
Local News Menlo Park Council Punts on Housing Decision The Menlo Park City Council engaged in a lengthy discussion which included about an hour and a half of public comment regarding the fate of several downtown parking lots. Essentially, as part of the requirements to plan for future housing growth, one option for Menlo Park is to declare several parking lots in downtown as […]
Local News Newsom Calls for Session Start in Early December Governor Gavin Newsom is calling for newly elected legislators to get to work as soon as they are sworn into office in the coming weeks. It is expected that swearing in will occur on December 2 and instead of being ceremonial, the session will lead to a number of efforts discussed in order to “Trump-proof” […]
Local News Updated Election Results Votes are still being counted in Silicon Valley and as they slowly trickle in, a few races’ final results could still be determined by late arriving ballots. In Cupertino, former council member Rod Sinks has been overtaken by planning commissioner Ray Wang. Sinks was up over 100 votes on election night and leading Wang by […]
Local News C.A.R.-Backed Group Contests Multimillion-Dollar Fees on New Residential Projects in Los Altos Early this month, Californians for Homeownership, a nonprofit organization sponsored by the California Association of REALTORS®, that aims to address California’s housing crisis through impact litigation, announced it has filed its first lawsuit challenging excessive residential development fees. The lawsuit, filed jointly with the California Housing Defense Fund, challenges new fees adopted by the City […]
Local News Candidates’ Polls Conflict A recent poll announced by the Evan Low for Congress campaign shows Sam Liccardo with a slight lead at 48% to 45% and showing 7% of voters still undecided. However, the poll has a margin of error of 4% meaning that the race is a statistical tie. The poll included likely voters and was made from a […]