Piedmont Neighborhood News

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Archive for November 1st, 2007

City of Piedmont monthly meetings for November

Posted by drewbendon on November 1, 2007

Wouldn’t it be nice if there was one searchable calendar you could look at that would show you all of what was going on in town?  Of course, although the City asked me for my comments on their new website, they made none of the changes I suggested, so good luck on that one community calendar idea.  In the meantime, these are the regular City (only) meetings, prepared the old fashioned way.  November 2007 Regular Meeting Schedule

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Housing Trends and Piedmont Finances

Posted by drewbendon on November 1, 2007

A lot has been written about the decline in home sales resulting in decreased transfer tax revenue for the City of Piedmont. Jeff Weiler has mentioned this several times in his Piedmontage pieces in the Piedmont Post, so I won’t belabor this point. I must admit though, that since the housing market has cooled I have been comforted by the thought that our good school district would soften the blow on our community. Now I’m not so certain. I recently received Scott Hill‘s e-newsletter showing 3rd Quarter Home Sales data comparisons between 2007 and 2006 for Piedmont and neighboring communities and was struck by the fact that, for the most part, the neighborhoods with “better” school districts (Piedmont, Orinda and Moraga) did not fare better, and in some cases fared worse than neighboring communities. While this third quarter view is only a snapshot and not necessarily indicative of a larger trend, it bears watching. If Piedmont’s schools don’t buffer us from the effects of the housing slowdown, projections of revenue for the City might actually end up being worse than we thought.

– Drew

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