Laserfiche WebLink
6.C. - Page 18 of 196 <br />10.0% <br />9.0% <br />8.0% <br />7.0% <br />6.0% <br />5.0% <br />4.0% <br />3.0% <br />2.0% <br />1.0% <br />0.0% <br />Redwood City Unemployment Rate <br />8.9% <br />ti� ,y0 y0 19 ti°� ti� �O ,tio ,to ,y0 ,ti0 ,yo ,y0 ,y0 ,y0 ,y0 ,LO ,tio <br />�J�i J�sS• spec orec lc�ec spec rJac� cJac4 ac�r Pyr` baa ��o¢ ��� ON �°¢c `orec �rec �rec <br />p �¢Qtie pL� �o�e o¢,g �a dee p y¢Qti¢ pc �o�e Oe�e <br />Source: State of CA- Economic Development Department <br />Property tax in Redwood City, the largest single source of General Fund revenue for the City, did not experience <br />negative impacts from the challenges of 2020. This is encouraging for City revenues and is discussed in more <br />detail below. <br />San Mateo County, like the nation, has suffered a pronounced and deadly surge in COVID-19 cases during the <br />winter of 2020-21; however, with widespread vaccine administration underway in early 2021, there is reason for <br />hope for the economy. An anticipated easing of public health restrictions that would free up economic activity — <br />and a proposed package of federal stimulus funding — may promote a positive economic trajectory beginning <br />later in 2021. <br />Respond, Restore, and Reimagine <br />The City Council -endorsed financial and community recovery strategy to help our community and organization <br />meet the health, economic, and social challenges due to the COVID-19 pandemic is nicknamed the "Three R's" for <br />Respond, Restore and Reimagine: <br />Respond... <br />f, ...to immediate community needs resulting <br />from the COVID-19 pandemic, with particular <br />S care for seniors and vulnerable residents <br />Restore... <br />-community cultural, economic, and social <br />vitality in partnership with community <br />organizations and businesses <br />Reimagine... <br />...public services in light of evolving <br />community needs and financial resources <br />IV <br />105 <br />