AgdaPkt 2017-05-08 Special - Laserfiche WebLink

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Executive Summary Assessing the City with Indicators About this Report This report provides background or summary information of Redwood City (the City) in the form of indicators and provides a forecast of some key revenue sources for the City. These revenue sources are employment, property taxes, sales taxes, and transient occupancy taxes. Indicators are measures of various aspects of a regional economy. They help to provide an indication of the quality of life in a region and progress toward improving conditions in the lo- cal economy. Using this Report Indicators are measures of various aspects of a regional economy. They help to provide an indication of the quality of life in a region and progress toward improving conditions in the lo- cal economy. This report focuses on indicators for changing demographics, incomes, housing markets, commute patterns, and employment in Redwood City. These indicators are com- pared to San Mateo County (the County) as a whole, the Bay Area, California, and the United Sates. The picture painted by these indicators is of a very prosperous city in a very prosperous county. It is on the whole slightly younger than the County, slightly better educated, and with higher incomes. Employment is of a very high quality for residents in Redwood City and com- mutes are relatively short. The same can not be said of those commuting into the City. Their commutes are long and getting longer. Forecasts are included for employment, prop- erty taxes, sales taxes, and transient occu- pancy taxes. The forecasts indicate contin- ued strong growth regionally with no sign of a recession. They also indicate a solid hous- ing market with continued price appreciation through 2021. Figure 1:Golden Gate Bridge: Gateway to San Francisco Bay 1