Laserfiche WebLink
Orozco, Norma <br /> From: Victor D Mendez <vicdmendez@gmail.com> <br /> Sent: Sunday, April 16, 2023 2:01 PM <br /> To: Amezcua, Valerie; Lopez, Jessie; Hernandez, Johnathan; Bacerra, Phil; Phan, Thai; <br /> Penaloza, David; Vazquez, Benjamin <br /> Cc: Ridge, Kristine; Downs, Kathryn; eComment <br /> Subject: Interview with Wall St Journal re: Consumer Spending <br /> Attached please find a recent article published in the Wall Street Journal on the state of <br /> US Consumer Spending. <br /> The article quotes myself (as an American consumer) and several economic experts in <br /> various consumer sectors. <br /> I believe there is a respectable alignment to this article and the current revenue <br /> assumptions of the 2023-2024 budget; however, I am bullish on the residences of Santa <br /> Ana and even with the prospects of some type of recession in the clouds, I think core <br /> consumer-oriented revenues iin Santa Ana should weather any problem that could arise <br /> for this year and into next; however, property tax levels will probably remain pretty <br /> stagnant without new developments. <br /> Retail Sales Report Shows Americans Pulled Back on Big-Ticket Purchases as Interest <br /> Rates Rose - WSJ <br /> The issue for me is not revenue or even what Santa Ana spends their money on, but <br /> how they spend it. I do believe the City can bend the cost curve, close the margin <br /> between expenditures and revenue, and avoid service cuts post Measure X with some <br /> greater business discipline. Something every household must do here in the City and <br /> which I have advocated for the past 2 and 1/2 years but have not seen any concrete <br /> effort to date. <br /> VICTOR D MENDEZ <br /> I <br /> i <br />