The Newport Beach City Council on Tuesday will consider placing a charter amendment on the November ballot that aims to tighten controls over tax increases and taking on debt. The measure would ask local voters to consider whether the city charter should require at least five of the seven City Council members to vote in favor of a general tax increase before an increase could be placed on the ballot for voter... Voters would also be asked whether they want to require voter approval before the city can use a certificate of participation, or lease revenue bond, greater than $10 million. The measure would also require at least five of the seven City Council members vote in favor before the question would go to registered voters. A certificate of participation, a financial instrument for issuing bonds to fund capital improvements, was used in funding part of the Civic Center project. Lease revenue bonds are secured by lease payments made by the party, often a municipality, leasing the facilities that were paid for by the bond. COPs are paid for from a government's existing revenue stream, unlike general obligation bonds, which result in tax increases and therefore require a public vote. "In response to this debt limitation, public agencies have used certificates of participation and lease revenue bonds to raise funds to finance certain improvements. The City Council voted 4-3 in July to direct staff to craft the proposed charter amendment, the Newport Beach Taxpayer Protection Act, for placement on the Nov. The council signed off last year on one aspect of the measure, requiring a super-majority council vote to approve tax increases, which Curry spearheaded. However, Mayor Pro Tem Kevin Muldoon asked his colleagues last month to consider adding the restriction on capital improvement bonds. City staff consulted with their outside bond counsel to draft the proposed amendment, according to the staff report. During the July meeting, city Finance Director Dan Matusiewicz cautioned against requiring all COP plans to become ballot initiatives, as he felt it would add uncertainty to financial planning, as well as time and costs associated with ballot... The City Council meeting will begin at 7 p. m. at City Hall, 100 Civic Center Drive. Source: www.latimes.com
The band Boots was the feature performer for Monday's installment in the Waverly Parks and Recreation 2016 Summer Concert Series. The series continues next Monday with a performance by Tracy Timm, with Dan Earl, beginning at 6:30 p.m. in Muldoon
However, Mayor Pro Tem Kevin Muldoon asked his colleagues last month to consider adding the restriction on capital improvement bonds. City staff consulted with their outside bond counsel to draft the proposed amendment, according to the staff report
Watch me cam here. https://t.co/okTB1Wyc1u #españa #punk #dan #dontjudgeme https://t.co/zCqsHMA88r 08/09/16, @amanda_muldoon
RT @ChorleyCC: Debuts: We also have Dan Muldoon and Ellis Critchley making their senior debuts for the club. Best of luck to all today. #CC… 08/06/16, @npremierleague
RT @ChronOnline: Dan Jarvis calls for more poverty action https://t.co/ihFS4w78Bi 08/06/16, @John_Muldoon
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The collapse of the financial markets in 2008 and the resulting 'Great Recession' merely accelerated an already worrisome trend: the shift away from an employer-based social welfare system in the United States. Since the end of World War II, a substantial percentage of the costs of social provision--most notably, unemployment insurance and health insurance--has been borne by employers rather than the state. The US has long been unique among advanced economies in this regard, but in recent years, its social contract has become so frayed that is fast becoming unrecognizable. Despite Obama's election, the burdens of social provision are falling increasingly upon individual families, and the situation is worsening because of the unemployment crisis. How can we repair the American social welfare system so that workers and families receive adequate protection and, if necessary, provision from the ravages of the market? In Shared Responsibility, Shared Risk, Jacob Hacker and Ann O'Leary have gathered a distinguished group of scholars on American social policy to address this most fundamental of problems. Collectively, they analyze how the 'privatization of risk' has increased hardships for American families and increased inequality. They also propose a series of solutions that would distribute the burdens of risks more broadly and expand the social safety net. The range of issues covered is broad: health care, homeownership, social security and aging, unemployment, wealth (as opposed to income) creation, education, and family-friendly policies. The book is also comparative, measuring US social policy against the policies of other advanced nations. Given the current crisis in America social policy and the concomitant paralysis within government, the book has the potential to make an important intervention in the current debate.
The band Boots was the feature performer for Monday’s installment in the Waverly Parks and Recreation 2016 Summer Concert Series. The series continues next Monday with a performance by Tracy Timm, with Dan Earl, beginning at 6:30 p.m. in Muldoon Park.
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However, Mayor Pro Tem Kevin Muldoon asked his colleagues last month to consider ... During the July meeting, city Finance Director Dan Matusiewicz cautioned against requiring all COP plans to become ballot initiatives, as he felt it would add uncertainty ...
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Dan Muldoon, Actor: After the Promise. Dan Muldoon is an actor, known for After the Promise (1987), Robin of Locksley (1996) and Don't Talk to Strangers (1994).