MV council advances controversial business-license tax hike


Data courtesy of City of Mountain View

Mountain View City Council members spent hours last week wrestling with a business-license fee increase meant to boost city revenues while being fair to businesses of all sizes.

When the dust settled, the council opted for a model that would generate appoximately $6.1 million annually – a considerable jump from the $260,000 per year the city currently collects. Los Altos, by contrast, collects approximately $453,000 in such fees annually.

Is now the right time to sell your investments?

Here’s a question I get quite frequently from clients, friends, relatives and even strangers I meet at seminars: Is now the right time to sell my investments?

When I inquire as to what prompted the question, the responses run the gamut from “I read that stocks are overpriced right now” to “The loud-talking guy on TV said so.”

LA main library hosts real estate workshop

A real estate workshop touting the financial benefits of installing drought-tolerant plants is scheduled 6:30 p.m. June 28 at the Los Altos main library, 13 S. San Antonio Road.

Transactions

Los Altos

639 Morningside Circle, Parsons Trust to Arlin Trust for $3,850,000

990 Terrace Drive, Noellert Trust to O. Shacham for $2,736,000

Transactions: the week of May 30

Los Altos

5757 Arboretum Drive, White Trust to O’Neill Trust for $3,125,000

1361 Country Club Drive, M. & C. Kansky to V. Singh for $6,800,000

Credit where it's due: Tracking reporting agencies' accuracy

Alabama. Gore. BMW. What do they have in common? In 1995, the U.S. Supreme Court reached a landmark decision in the case of Gore v. BMW in Alabama.

In its ruling, the court found that there are certain constitutional limits to the amount of punitive damages that can be awarded in any legal matter. The court did not set a bright line regarding those limits, but it hinted strongly that a ceiling of 10 times ordinary damages awarded would be a tough one to breach, constitutionally. Punitive damages are meant to “punish” and to deter certain bad behavior.


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