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?
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.
On this San Diego Explained, Scott Lewis and NBC 7’s Catherine Garcia talk through what the Taxpayers Association’s trash law recommendation could mean for single-family homeowners.
The San Diego County Taxpayers Association wants to drop the notorious People’s Ordinance but won’t say yet what it would replace the law with.
The legal dispute between the city and South Bay developer Roque de la Fuente was declared dead in 2008. But still more appeals and lawsuits have revived the case, which now holds the dubious title of the city’s oldest active lawsuit.
Attorney Michael Conger has represented wronged city workers and helped uncover the city’s pension scandal a decade ago. Few, if any, attorneys have earned more than Conger from suing local governments in recent history.
It’d be refreshing to see a leader just be honest that he doesn’t want to give the Chargers what they’re demanding and tell them they’re free to leave.
Mayor Kevin Faulconer and City Councilwoman Lorie Zapf claim in recent campaign mailers for Zapf and District 6 City Council candidate Chris Cate that pension reform has already saved taxpayers $1 billion.
The Convention Center’s lost maintenance money mirrors other city decisions made over the past two decades to get cash today at the expense of a tomorrow that’s now come.
NBC 7’s Catherine Garcia and VOSD reporter Lisa Halverstadt take pie charts to the next level in this edition of San Diego Explained.