Three local tax measures face voters in November

Locally, Santa Clara County voters will decide three additional measures concerning taxes. Two of them would continue an existing tax for water service and preserving open space. The other would go toward funding Caltrain. Below is a look at the three measures.

Developer of major Los Altos housing project faces continued legal woes

Dutchints
Town Crier File Photo
Dutchints Development is involved in mounting litigation, calling into question a large planned housing complex on El Camino Real.

Dutchints Development, the luxury real estate developer that secured city approval to construct a large housing complex on El Camino Real, continues to be involved in mounting litigation that raises questions about the direction of the project.

Los Altos Draeger’s Market close to completing an extensive remodel

Draegers
Eric Davidove/Special to the Town Crier
Draeger’s Market in Los Altos is nearly finished with a substantial remodeling project that has been ongoing since June.

Draeger’s Market on First Street in Los Altos is nearing the end of an extensive remodeling project that will enable it to expand space for products. The renovations also include replacing the floor, painting the interior and exterior, and adding new restrooms.

Transactions for the week of Oct. 21

Los Altos

1346 Arbor Avenue, Khodi Family Trust to Turriff Trust for $5,640,000
215 N. Avalon Drive, Tseng Family Trust to Coates Family Trust for $4,900,000
735 Casa Bonita Court, Reed Trust to Ye Living Trust for $3,880,000
325 Chamisal Avenue, K. & E. Szyndlar to K. & G. King for $2,810,000
1398 Chelsea Drive, Santos Trust to J. & S. Saxena for $4,400,000
4388 El Camino Real No. 68, A. & A. Kashyap to Mendoza Trust for $1,815,000
1598 Frontero Avenue, Johnson Family
Trust to A. & A. Nambiar for $2,900,000
978 Highlands Circle, De Trust to C. & J. Kashyap for $3,400,000
951 Oxford Drive, M. Hill to A. & J. Reiter for $3,500,000
611 Twelve Acres Drive, Rubin Trust to Y. & S. Mehta for $4,016,000
1246 Windimer Drive, Alpert Trust to K. & J. Kado for $2,450,000

How much impact do presidents have on the stock market?

Chart
Courtesy of Dimensional Fund Advisors
This chart shows the average return of the Standard & Poor’s 500 for each presidential term going back to 1929.

As part of his bid for a second presidential term, one of Donald Trump’s assertions is that he is responsible for the greatest stock market gain of any president. Putting aside his usual hyperbole, has the stock market in fact done better under him than under past presidents? And more interestingly, can we use historical market performance data to infer whether or not there is any identifiable cause and effect between a president’s period in office and market performance?

Measure RR could be critical for the future of Caltrain

Caltrain
Town Crier File Photo
Riders board and disembark from Caltrain in July 2019. Voters will get to weigh in on funding for Caltrain this November. Measure RR would institute a one-eighth-cent sales tax, generating approximately $100 million annually for 30 years.

Bay Area voters will have a say in the future of Caltrain during the November election, with Measure RR proposing a one-eighth-cent sales tax, generating approximately $100 million a year for 30 years toward the transportation service. The measure is on the ballot for Santa Clara, San Mateo and San Francisco counties – the three counties Caltrain serves – and requires a two-thirds majority to pass.


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