On Tuesday, August 19, I am asking the City Council to take the first step in urging the State to update its surplus formula and keep more oil revenue local. This funding is essential to care for our beaches, marinas, and coastline without shifting the burden to local tax payers.

In 1964, the State determined it was “economically impractical, unwise, and unnecessary” to spend all of Long Beach’s tidelands oil revenue on our local coastline, labeling the rest surplus for Sacramento. Today, circumstances are very different. The City Auditor projects $300 million in lost oil revenue over the next decade and there is more than $1 billion in unfunded coastal projects.

Currently, the State takes 42.5% of oil revenue as surplus, while the City receives just 8.5% to maintain its coastal obligations. Since 2004, nearly $6 billion has gone to the State as surplus to the needs of Long Beach’s coast.

For the first time, local tax dollars are being used to maintain the same waters where hundreds of millions in oil revenue is generated and sent to the State as surplus.

It is time to update this outdated arrangement so that more of the revenue generated in Long Beach is reinvested here. Join us on August 19 to say: Keep Long Beach Oil Revenue Local. Local Impact. Local Benefit.

You may learn more here.

Please let us know if you can attend the City Council at 6:30 pm on August 19!

Question Title

* 1. Name:

Question Title

* 2. Neighborhood:

Question Title

* 3. Email:

T