Two months ago, the city of San Diego released its official financial analysis on Proposition B, the June pension initiative. The analysis said the city would net $950 million in savings over three decades if it passes.
But City Auditor Eduardo Luna disputed the figure. In a response to a draft of the analysis, Luna contended the savings estimate was exaggerated:
The draft fiscal impact analysis does not clearly and impartially present the relevant fiscal impacts associated with this ballot measure. In fact, the manner of presentation would, in our opinion, lead the average voter to conclude that a “Yes” vote on the ballot measure would reasonably yield the significant savings presented in the fiscal analysis when, in fact this is not necessarily the case.
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