After 26 Years Royalty Retires As President of OCTax
Reed Royalty, who founded the Orange County Taxpayers Association (OCTax) in 1986 and has served as its only president since, announced his retirement at the organization’s second annual “Roses, Radishes and the Royalty Awards” dinner last week at The Island Hotel in Newport Beach.
In his remarks, Reed cited some of OCTax’s milestones. He said, OCTax’s “first defining success” was the original Measure M campaign for transportation in 1990, which he chaired. He said “Measure M literally enabled Orange County’s future. Can you imagine living here without Measure M’s improvements to our freeways and streets?”
Reed said Measure M was the birthday of OCTax’s “perfect” Mission Statement: “taxes should be fair, understandable, cost-effective and good for the economy.” He said, “If a tax meets those criteria, it’s a good tax; if it doesn’t, it’s not.” He told his audience, “You don’t leave this room tonight until you can recite those four principles.”
There are too many instances to recount where Reed has weighed in for taxpayers over the years, some with a high profile, other times when the spotlight was somewhere… Read More