Feed Editor 11 Apr 2010 02:02:17 GMT Blog of San Diego - City Finances http://www.blogofsandiego.com/RSS/Finance.xml en http://www.blogofsandiego.com/RSS/BlogOfSanDiegoLogo.png Blog of San Diego - Logo Councilmember Carl DeMaio's "Roadmap to Recovery", published today, says regarding the pension problem: "Until the city reforms its pension liability, no tax increase will be big enough…no service cut will be deep enough…to satisfy the skyrocketing debt service on the city’s pension system. Like a bankruptcy reorganization plan, the Roadmap to Recovery is committed to restructuring and reducing our net liabilities in the pension system through reform of benefits for both existing and new city employees." More>>> 6 Nov 2010 06:48:46 GMT http://www.blogofsandiego.com/Finances.htm#11/05/10 176E18C5-57B2-4D95-95A3-B596A8A8A621 The Mayor sent out this Notice yesterday: "Beginning tonight, top city officials will hold a series of town hall meetings to discuss proposed impacts to the city’s budget. Participants will include Chief Operating Officer Jay Goldstone, Police Chief William Lansdowne, Fire Chief Javier Mainar, Library Director Deborah Barrow, Park & Recreation Director Stacey LoMedico, Deputy Chief Operating Officer of Public Works Dave Jarrell and Chief Financial Officer Mary Lewis." 2 Nov 2010 22:42:31 GMT http://www.blogofsandiego.com/Finances.htm#10/19/10 800177F8-F649-4DDE-B3B0-005473E27E69 Today, the U-T editorial staff printed this "We have a Dream" opinion. If this is the best our only daily "news" paper can come up with, then, like Apollo 13 said to Houston, "San Diego, we have a problem". Let's examine this U-T "vision for the future of San Diego". 2 Nov 2010 22:41:49 GMT http://www.blogofsandiego.com/Finances.htm#10/17/10 DA5C092B-3EE6-4022-98FB-8D7313668FBC Here is the full SB 863 that sparked the outrage. Section 7 was inserted in the dead of night by Mayor Sanders and his developer friends without the knowledge of either the San Diego City Council or the San Diego City Attorney. It was then voted as part of the State Budget. 2 Nov 2010 22:41:27 GMT http://www.blogofsandiego.com/Finances.htm#10/15/10 4033CC59-B0B1-4C55-BB40-8C3DF204BDC8 Have you ever had a sickening feeling that someone is lying to you but you can't quite put your finger on how they are doing it? That's how some members of the City Council must be feeling regarding the Mayor's contentious $185 million "lease-lease" bond issue - those who are not in on the lie, that is. 11 Apr 2010 02:07:14 GMT http://www.blogofsandiego.com/Finances.htm#03/24/10 1530C3FC-63C2-4EDF-809F-9DD13979044C The City Council has docketed its final approval of the $185 million "lease-lease" bond issue for this Tuesday as Item 50 on the Consent Agenda. That's right the "Consent" Agenda. I intend to go down and "pull" this Item from the Consent Agenda so that Council Members may reconsider. 11 Apr 2010 02:06:26 GMT http://www.blogofsandiego.com/Finances.htm#03/22/10 83577318-BD2C-4117-86C9-5A38162AA7C7 Last Tuesday, March 9, 2009, San Diego City staff from the Debt Management Department and from our City Attorney's office acted as salespeople for J. P. Morgan, Bank of America Merrill Lynch and other Wall Street moneylenders, arguing before City Council for a bogus financial instrument called a municipal "lease-lease" that would put the worst excesses of the real estate borrowing bubble to shame. 11 Apr 2010 02:05:43 GMT http://www.blogofsandiego.com/Finances.htm#03/11/10 F1DBEFA3-DFF8-4503-B80E-FB9D20DFC261 Back in 2006 I opposed Proposition C, the ballot measure that allowed the City to employ outside contractors when the Mayor determined, subject to City Council approval, that private parties could provide City services more efficiently and economically than City staff. I believed at the time that it was a cop out (pardon the pun) by Mayor Sanders, who thought that "Managed Competition" would do his reform job for him as City Manager. 11 Apr 2010 02:05:01 GMT http://www.blogofsandiego.com/Finances.htm#08/05/09 BB597D16-5CB0-4E87-9872-C5638A6FA7C8 Why locate a "Central Library" in this part of town? Because John Moores wants to enhance the attractiveness of the East Village to which he has been given sole development rights by the City of San Diego. Moores agreed to Project Labor Agreements (PLAs) to get his Ballpark built, now the labor unions are pushing to give his development district a Library. 11 Apr 2010 02:04:19 GMT http://www.blogofsandiego.com/Finances.htm#06/22/09 DC424FA6-41D4-4DA9-8556-025DAA77FF53 At 10:45 P.M. this evening the City Council reconvened to impose the Mayor's "last, best and final offer" on the Police Officers' Association (POA) and on the city's blue collar workers' union, AFCSME Local 127. 11 Apr 2010 02:03:32 GMT http://www.blogofsandiego.com/Finances.htm#04/14/09 9962514D-9BDC-4589-A012-0DD53E86070B