The gulf between cost savings estimates in the city of San Diego’s November financial reform ballot measure is so vast the city’s Office of the Independent Budget Analyst doesn’t want to wade into it.
The analysis, written by city Chief Operating Officer Jay Goldstone, estimates the city will save between $626,000 and $85.5 million a year if it implements a series of 10 reforms. The ballot measure requires the reforms to occur before the city temporarily increases the sales tax by a half-cent to 9.25 percent.
“I can’t say he’s wrong, but I’m not going to say he’s right, either,” said IBA Deputy Director Jeff Sturak.
It was particularly difficult to evaluate savings estimates for the two biggest items on the list: retiree health care and broad-based outsourcing known as “managed competition,” Sturak said. Savings from those two reforms make up about 80 percent of the high-end numbers.