Monrovia Economics: Getting Better

On the economic front, Monrovia City Manager Scott Ochoa says that things are getting better, but life's still tough.

"The good news," he writes, "is that sales and property tax revenues are beginning to recover... . While it would be a stretch to consider this year as an economic juggernaut, we are meeting our conservative revenue estimates."

The "bad news," he says, is that "we continue to have to economize on costs."

He said the "foundation" of the city's business model is "attracting new businesses that generate new property and sales tax revenue; attracting employers whose employees shop and dine and live in Monrovia; and attracting the private investment that generates the momentum to sustain itself."

Source: http://goo.gl/gpPOH

- Brad Haugaard