![]() More than half of the city’s property tax revenue goes to its schools.Īlthough the overall property tax revenue is expected to increase, revenue from a transfer tax imposed when property changes hands is projected to decline because of a slowdown in home sales. Property taxes account for the largest source of the city’s general fund revenue–56 percent. Money for those projects will come from state gas tax revenue and the Santa Clara Valley Transportation Authority’s half-cent sales tax, which county voters approved last November.Ĭity officials estimate that property taxes will exceed $12.1 million, a 3 percent increase from last year. The budget also allocates $4.75 million toward improving safety conditions along the Prospect Road/Saratoga Avenue corridor and almost $2 million toward annual roadway improvements. ![]() An additional $50,000 will go toward work on a Saratoga Village to Quarry Park walkway, an essential starting point to the Saratoga-to-the-Sea trail that is expected to increase pedestrian traffic into the Village. Part of the Santa Clara County Trail Master Plan, the Saratoga-to-the-Sea Trail will start in Saratoga Village, pass through Hakone Gardens and Quarry Park and connect to the Skyline-to-the-Sea Trail in Sanborn Park. Included in the budget is $250,000 to begin the design and environmental review phase for extending the Saratoga-to-the-Sea Trail project. The City Council was scheduled to consider adopting the 2017-18 fiscal year budget at its meeting Wednesday night, after the Saratoga News goes to press. Saratoga’s proposed $41.73 million budget sets aside money to initiate the extension of a popular hiking trail, make safety improvements to the Prospect Road/Saratoga Avenue corridor, rehabilitate Village crosswalks and sidewalks and add a deputy city manager position. ![]() Saratoga: Fiscal year budget sets sights on new trail ![]()
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