COSTA MESA — Though there's more than $26 million in one-time money Costa Mesa could spend to save jobs, using it would weaken the city's financial strength in the long run, according to Tuesday night's City Council agenda.
In response to an Orange County Employee Assn.-funded review by Harvey M. Rose Assn. of San Francisco, Costa Mesa Finance Director Bobby Young said Rose's spending suggestions are "not fiscally conservative and do not use prudent financial planning to ensure the financial stability of the city of Costa Mesa."
In May, Rose presented his findings of the city's finances going back five years. While the city didn't have any "hidden" pockets of money, as the OCEA and other council critics suggested, there was plenty of onetime, spendable cash, Rose concluded.