Running for public office is invigorating and rewarding, even when you lose. Last September I offered some ideas to put the city of Newport Beach on a fiscal glide slope for our future economic stability. I did so out of the belief that a fiscally sustainable government enterprise is critical to ensuring that the unique, beautiful and special Newport Beach of our past continues for generations to come.
At $150 million, I suggested that the new cost of the new City Hall was ridiculously expensive and the project needed to be drastically scaled back. Local politicos and pundits berated me for challenging the process. I was told to trust the politicians and city staff — and that they knew what they were doing.
Ronald Reagan once said, "Government always finds a need for whatever money it gets."
That's why, in late December — the deadline to qualify for the Obama Bonds (Build American Bonds) — the City Council rushed to approve a borrowing limit of $128 million for the project's construction .