“Momentum for Success or Momentum to Depress?” Synopsis: â—City Budget up whopping 8.5% despite Depression (2008 inflation only 3.5%) â—Mayor fails to report City reserves are equal to 14% of all household income at onset of Depression -- $13,469 per household equal to $1,125 per household per month â—City has failed to post Comprehensive Annual Financial Report for 2008 The theme for the Mayor Bill BogaardÂ’s State of the City (SOCk) report to be held at the Pasadena Conference Center on Thursday night January 22, 2009, was "Momentum for Success." It might as well have been “momentum to depress.” How...