A condensed, more easily digestible version of the county controller’s annual financial snapshot was released Monday, showing San Mateo County on solid ground.
The popular annual financial report is a smaller version of the comprehensive financial report released in early November for the fiscal year ending June 30. Both reports are the last issued by outgoing Controller Bob Adler who is retiring at the end of the year after 19 years with the office.
In a letter to county citizens included in the report, Adler referenced his departure in say that the county should be on continuing sound financial footing under his successor’s leadership. Juan Raigoza won election to the seat in November and will take over in January.
The report emphasized the county’s 4.2 percent unemployment rate and increased median home price of $788,000. Per capita personal income increased to $74,582 and the county government’s pension liabilities are down $150 million to $804 million.
The full report is available on the Controller’s Office website at http://controller.smcgov.org.
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CoastalBoy said:
Karl Sonkin said:
Love the column Mark, memories of Caen resplendent
Connie Weiss said:
Thank you, Taso. So perfectly stated.
Mark Simon said:
Thanks and all the best for you and your family.
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