Hermosa Beach Will Not Go Bankrupt Without Oil Drilling, Community Group Study Finds

A Hermosa Beach Community Dialogue finance committee study found that Hermosa Beach’s property taxes, hotel taxes and governmental costs are all relatively low, Hermosa’s pension costs are not excessive and Hermosa will not go bankrupt if residents do not approve oil drilling, according to the Easy Reader News.

The results of the study were presented on Dec .3 at a public meeting at the Hermosa Beach Community Center. 

The next Community Dialogue meetings will be Thursday and Friday at 9 a.m. at the Hermosa Community Center. Information related to the meetings and presentations of the study findings can be found at the following Dropbox link: https://www.dropbox.com/sh/c6o9xb0zfn1rkae/TsPfchpJXI