State of the City: No Debt and a $43M Reserve Fund

Mayor Paul Glaab addressed local elected officials in the annual state of the city address Thursday.

Before an audience of local elected officials and business leaders, Mayor Paul Glaab delivered the annual state of the city address at a breakfast Thursday hosted by the . 

He highlighted the city’s accomplishments for last year, including the completion of the new , and outlined plans for the future.

“The city of Laguna Niguel remains financially strong. We have no debt and have accumulated a $43 million reserve fund for economic uncertainty and capital asset replacement” said Glaab.

He talked about economic development and the new , public safety, parks and recreation, and public works projects currently under way in the city, including the .

A video presentation of the address will be available soon on the city’s website.


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