The Burlingame City Council adopted the City’s FY 2007-2008 Annual Budget and Capital Improvements Program on June 18, 2007. The new budget takes effect July 1, 2008, and ends on June 30, 2008. The total adopted budget for FY 2007-2008 is $78,579,303.

The new budget projects General Fund revenue growth of 5% for total annual collections of $42.6 million. Of this amount, 66% or $27.9 million, will come from businesses.

The Transient Occupancy Tax is the largest revenue source generated by local businesses. There are a total of 3,773 hotel rooms within the City of Burlingame.

The City’s ten-percent tax on room rentals is expected to generate $10.6 million in the new fiscal year. Sales and Use Tax is the second largest revenue source generated by Burlingame businesses. It is expected to produce $9.8 million in FY08. Burlingame businesses also account for roughly half of the city’s property tax receipts. This amount totals $5.8 million in the new budget.

Franchise taxes on local companies that provide solid waste, electricity, natural gas and cable television are next in line. They account for an estimated $878,444 of the City’s revenue. They are followed by business license fees in the amount of $727,878.

As you can see, business is an integral element of the City’s finances. For more information on the City of Burlingame’s budget, contact Jesus Nava, Finance Director/Treasurer, at 558-7222.

The City of Burlingame is working with the County of San Mateo and five other cities in a pilot program to certify local businesses as using Green practices.  The pilot program is open to four types of business sectors:  Restaurant/Café, Auto Service Shop, Hotel/Motel, and Office/Retail.  The Bay Area Green Business Program is a successful partnership between the Cities, and County, environmental agencies and utility companies that assist, recognize and promote businesses and government agencies that volunteer to operate in a more environmentally responsible way.  Click on this link for more information and for a web form that your firm can use to apply for the program.  If you would like to have your company certified, please reply to this email.  Program Information: http://www.recycleworks.org/green_business/index.html.

The City of Burlingame is a fine place to live. Burlingame’s recreational facilities and open space areas provide its citizens with enjoyable and diversified leisure hours year-round. The pleasant, sunny climate is always temperate and the city’s restful, tree-shaded parks, along with the nearby bay, ocean, and mountains, assure recreational opportunities of a wide variety. Lovely homes on tree-lined streets have made Burlingame the “City of Trees.”

• Distinctive retail shopping

• Full range of high-quality service businesses

• The peninsula’s finest hotels

• Quality dining and entertainment

• Professional office centers

• Attractive industrial / warehousing

• Gracious residential living

• Excellence in education

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