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Pension

Roughly halfway through his January 2011 State of the City address, San Diego Mayor Jerry Sanders mentioned his plans to "soon bring to voters" a measure that would switch city workers to a 401(k)-style retirement plan.  more

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The theme driving two local campaigns-City Councilmember Carl DeMaio's bid for mayor and Prop. B, the ballot measure that seeks to overhaul the city's retirement system-is that labor unions are the taxpayers' adversaries, unwilling to budge... more

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The first time San Diego Police Officer Devin Whitney got hurt on the job, he and his partner were checking a noise complaint at a Mid-City apartment complex in July 2000. more

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Council president says pension emergency is a thing of the past more

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Mayor apologizes for contracting inequity more

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In a conference with reporters late last week, Mayor Jerry Sanders seemed relatively confident that he'd know by March 1 exactly how much money the city would have to pump into its employee-retirement fund during the upcoming fiscal year. more

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“If we would have gone out and tried to find someone to do the worst possible job, to make the most mistakes, to provide the worst leadership, we could not have found a better person than Mr. Preovolos. He has been a disaster." more

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Ask your average urban dweller hownour city—once touted as a paragon of financial virtue—fell from grace into thenmunicipal manure pile, and you'll either get a blank stare or a mumblednexplanation that has something to do with a pension sy... more

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Vocabulary word for the day: Amortize. What does it mean? To gradually get rid of something, like a debt. In city-finance speak, amortizing the pension debt has become priority No. 1, but what's it going to take to make a estimated $1.7 bil... more

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"I would suggest that the best way you could thank us is to aggressively tackle the very significant challenges inherent in our report." That sentence was culled from a letter written by Richard Vortmann, a member of Mayor Dick Murphy's Blu... more

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That Mayor Dick Murphy and members of the San Diego City Council voted to approve bond documents containing misleading information about the city's finances is not exactly news. more

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