By Phil Brock

The Santa Monica City Council approved construction of a new “City Services Building” at its Aug. 8 Council meeting. As local media noted, “Council took very little time (25 minutes) to approve quite a bit of money ($76,760,000)” in green, lease revenue bonds. The actual cost of this 50,000 square foot addition to City Hall is much more. With the addition of interest, the cost will increase by a minimum of $60.4 million plus by 2047. It is a costly building, especially for a city with abnormally high employee salaries, extravagant municipal pension costs, the highest sales tax rate in our state and utility taxes that are over the top. 

Read More: https://smmirror.com/2017/08/sma-r-t-76-million-sustainable/