Cohn unseats 18-year Hermosa Beach treasurer
Treasurer-elect David Cohn is flanked by his son and former Councilman Michael Keegan. Photo Two incumbent councilmen kept their seats, the city’s 18-year treasurer was turned out of office, and the more temperate of two tax-raising measures was approved, as Hermosa voters charted a course for the near future. The status quo was shaken vigorously by David Cohn, who thumped longtime Treasurer John Workman by a 14 percent margin. “I see [the vote] as a mandate to dig in. It wasn’t exactly a close election. Let’s dig into the financial affairs of the city. We’ve got $10 million worth of sewers to repair – where are we going to get the money to do that,” Cohn said at an election night party at his Sixth Street home. “I wish Mr. Workman well,” Cohn said. “He has served the city well. It’s just time for a change.” During the campaign, Cohn, managing director of Diamond Capital Partners, criticized Workman for getting lower yields on the city’s investments compared to neighboring cities. He said he will make $300,000 a year more than Workman did with an investment portfolio that fluctuates between about $16 million and $24 million. “That was my campaign mantra – how are we investing our…
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