The watchdog groups that keep tabs on taxpayer-funded bonds in California “by and large … have proven ineffective,” according to a new report. Many of the issues identified in the report have reared their heads in San Diego.
The economy is doing well and tax revenues are rising – so why are three of San Diego’s largest government agencies facing massive hits to their bottom lines?
Under a project labor agreement the San Diego Unified School District signed in 2009, local workers would build all bond-funded projects over $1 million. But the targets set in the deal still aren’t being met, and new numbers show some targets are slipping slightly further away as more large projects are built.
Despite warnings from San Diego Unified’s new CFO Patricia Koch last month, some board members held out hope a growing economy would send more money their way. That didn’t happen, and now at least $124.4 million must be cut from the district’s budget.
San Diego county and city pension funds have nearly $7 billion less in the bank than they need to cover benefits already earned by current and former employees, a deficit that’s risen 90 percent in just two years, new reports show.
Every time school budget problems are in the news, readers always want to know: What about the California Lottery money that’s supposed to be sent to schools? Public records show state lottery money is often a small drop in a much larger bucket that is a school district’s annual budget.
John Collins’ past compensation as superintendent of Poway Unified is being investigated by the San Diego County district attorney’s office, according to court documents.
San Diego Unified officials earlier this month announced they’d need to cut at least $116.6 million in spending to balance next year’s budget, and identified three broad areas where the cuts would come from. But the district can’t say what those three areas currently cost. If the central office can cut $44 million, what is that $44 million from?
From San Diego Unified to Poway Unified to Chula Vista Elementary, officials upped their spending dramatically in recent years, budget documents show. Some got into the habit of spending more than they received, while others walked the line as closely as possible.
Poway Unified leaders are tightening the purse strings on vacation payouts and credit card charges – expenses the former superintendent was accused of exploiting.