CITY COUNCIL VOTES TO IMPOSE 20% TAX ON COMMERCIAL MARINA OPERATORS … RESIDENTIAL DOCKS ARE NEXT
On a split 4-3 vote at last night’s city council meeting, a 20% tax on gross income was assessed on commercial marina operators. A stream of small business owners testified to the city council majority to stop the money grab, or face the reality of marine serving businesses going bankrupt.
The council agreed to spend the next two weeks working with marina owners to work out the specifics of the tax implementation.
Fellow residential dock owners … we are next! They’ve already assessed a 300% tax increase on moorings, now a 20% tax on commercial marinas.
The net effect of the 300% mooring tax is a mass exodus of boats from Newport Harbor. That hurts the city and our marine serving businesses.
It is clear to me that the council majority is driven to collect as much tax money as possible for the funding of the bloated city bureaucracy. They mask this money grab behind the feel-good concepts of Harbor and beach maintenance projects. In my opinion, as they sit on $100 million in budget reserves and one of the highest employee to resident ratios in the state, they don’t have a money problem. This city has a bloated government problem.
For example, 80% of the city’s $263 million general fund budget is spent on salaries and benefits for employees.
The Tidelands Fund that is supposed to support Harbor and beach maintenance and operations.
Of the $25 million in the Tidelands Fund, $20 million per year goes to employee salaries and benefits. This is simply unsustainable unless the city continues to impose new taxes on us.
HOW CAN YOU HELP?
PICK UP YOUR STOP THE DOCK TAX SIGNS THIS WEEKEND
Call me to arrange a time to pick up your Stop The Dock Tax sign.
1410 South Bay Front
Show the city council that you are willing to fight this money grab.
Chairman, Stop The Dock Tax