Pleasanton 2018: Soaring to new highs

So much detail about Pleasanton in this article by Jeb Bing / Pleasanton Weekly.

Pleasanton has changed over the years and to be ranked as the country's 3rd wealthiest city in earning - that's something to brag about.

Another year of records in city revenue, property valuations, household income, housing prices.

New records set last year continue to soar unabated in Pleasanton as 2018 gets underway.

Starting the new year, Pleasanton saw a 3.9% growth rate over last year with a current population estimated at 82,270.

The city's general fund revenues came in at $115.7 million, a 3.6% increase over the $111.7 million realized in the 2015-16 fiscal year.

At approximately $145,000 in median household incomes, Pleasanton now ranks near the top among U.S. cities with populations from 65,000 to 249,999 and has been named the country's third wealthiest city in terms of earnings in its category.

Median home prices are now $1,090,000, which is $246,000 or 29% greater than they were in 2005, the highest pre-recession year for Pleasanton's home values.

Although not the third largest city in Alameda County, Pleasanton starts the year with the third highest property valuation in the county, ranked behind only the much larger cities of Oakland and Fremont.

Video Produced

by Tri R. Cole

Pleasanton's unemployment rate stands at 3.3%, down from a high of 8.8% in 2010. Office vacancies are 6.3%, down from a high of 18.5% in 2011.

The city's general fund finished the 2016-17 fiscal year with a nearly $6.5 million surplus due to higher revenues and lower expenditures than originally estimated. The extra funds are being allocated this year to the worker's compensation reserve ($1 million) with the remainder split evenly into general fund reserves, pre-fund pension liability and capital improvement program reserves.

Two major matters for Pleasanton in 2018 are .... read more

by Jeb Bing / Pleasanton Weekly

 A longtime newspaperman, I have been editor of the Pleasanton Weekly since it was launched Jan. 28, 2000. I was a reporter and Neighborhood News editor at the Chicago Tribune for 13 years, and previously a reporter for the Advance-Star in Burlingame. I've also held public relations writing and management positions with Standard Oil of Indiana (now part of British Petroleum), Westinghouse in Pittsburgh, the American Petroleum Institute in Washington, D.C., and Pilkington Barnes-Hind in Sunnyvale (now part of Ciba Corp.).