48:40
So we at the staff level are really starting to look at this as a city wide project. It doesn't just protect Redwood Shores, this project over time will help to protect billions of dollars and assessed value of real estate and safety, you know, in and around the city.
3:22:34
And then looking ahead we have seen some recent commercial properties sales that have sold sold at lower valuation and so that may temper our property tax revenues in in the future and so that's going to be something we're going to have to watch property tax has been a bright spot for us over these years.
43:43
We've also taken a hard look at our revenue forecasts and developed a more realistic forecast to better align with our past trends. That includes acknowledging that this year we do expect and hope to receive repayment from the state of property tax that is owed to the city.