In 2014 Newport Beach voted for change.
Four fiscally conservative councilmembers were elected to reform city hall’s overspending.
Voters saw the new $142 million city hall as a symbol of city government’s excessive spending of our taxes.
In 2016 two more fiscally conservative councilmembers were elected.
Government moves slow and change was uncomfortable for the old-guard that led us down the path of irresponsible spending.
We need to remain vigilant and keep our councilmembers on the right track.
RESIDENTS FOR REFORM – OUR GOALS
Our mission is fiscally responsible city government. Prior to 2014 we had good people on the city council that lost their way. They incurred over $571 million in long-term debt for a city of just 87,000. From 2004-2014 the politicians burdened us with more debt than the first 90 years of the city’s existence. Since the 2014 election the new city council has been working to dig us out of that hole.
For the next thirty years Newport taxpayers will pay $22,000 per day for the new city hall for the $142.5 million monument to excessive spending. Our grandchildren will still be paying off the Taj Mahal debt. $900 desk chairs $225,000 for decorative bunnies, and a park our children can’t throw a ball on. Nothing symbolizes the need for change in city government like the city hall project and the $228 million in long-term debt we will pay over the next 30 years.
Has your income doubled in the past ten years? Our city’s budget has. We have one of the highest employee-to-resident ratios in California. Our unfunded pension liability is estimated by Stanford University at $265 million, as the retiree costs continue to larger portions of the budget. Last year our librarian made more than the Governor of California.
You’ve all heard the stories about the $50.00 parking ticket, or the neighbor paying exorbitant fees for a simple remodel project. Those charges have resulted in the city amassing a $140 million budget SURPLUS – more than Costa Mesa’s entire annual budget. Our city is profiting off its residents, and that’s wrong.
The latest information
$22,000 a day for the thirty years will pay off the Taj Mahal’s debt of $228 million. You can read the official debt repayment schedule here.