Posts Tagged ‘Prop B’
Faulconer Speaks Out Against Proposal to Increase Pension Debt
San Diegans voted for Comprehensive Pension Reform to fix the pension problem now. In fact, much of the City of San Diego’s financial turnaround over the past few years is attributable to local leaders taking the bull by the horns and not putting off difficult choices to future generations.
Today, Kevin Faulconer continued to speak out against a plan that would postpone the City’s full pension payments and run up its pension debt by $335 million. Faulconer appeared on the Rodger Hedgecock Show to reiterate that issuing so-called pension obligation bonds — an idea most recently floated by mayoral candidate Bob Filner — is unnecessary and a step in the wrong direction. A recent analysis released by the San Diego County Taxpayers Association revealed this risky maneuver would cost millions of dollars that could otherwise be invested in San Diego neighborhoods.
Pension Reform Ballot Measure Won Every Council District
Will of the Voters Must Be Respected and Prop B Implemented
Prop B, the Pension Reform ballot measure not only passed resoundingly with 66% of the total vote, it also carried each of the nine San Diego Council districts.
The overwhelming victory comes as no surprise to the thousands of volunteers who worked tirelessly in every community collecting signatures to qualify the measure and who volunteered for the campaign.
Volunteers talked to Democrats, Republicans and Independents who are tired of their roads falling apart and closed libraries and were ready for reform.
Faulconer: “People in San Diego were hungry for change”
San Diego’s vote on Proposition B is reverberating across California and the country, creating national headlines. Kevin Faulconer, co-author of the Comprehensive Pension Reform citizens initiative, took to the airwaves to talk about the overwhelming approval of the measure, and how San Diego is setting a blueprint for reform for local governments throughout the nation. Watch the clip here.
City Leaders Lay Out Prop B Pension Reform Implementation Plan
“San Diegans expect results. We must implement Prop B without delay.”
That was the message City leaders delivered today following the landslide approval of Proposition B at the ballot box Tuesday. More than 66 percent of voters endorsed the measure, otherwise known as Comprehensive Pension Reform, to eliminate traditional pensions for new employees and replace them with a 401(k)-style plan, similar to the private sector. The measure also ends pension spiking and directs the Mayor to seek a 5-year cap on pensionable compensation.
San Diego County Taxpayers Association issues June Ballot Recommendations
As it does every election, the San Diego County Taxpayers Association has analyzed local propositions and selected state ballot measures with an economic impact on taxpayers, and issued its recommendations based on its mission statement, which is “promoting accountable, cost-effective and efficient government and opposing unnecessary taxes and fees.”
SDCTA’s voting recommendations are:
LOCAL PROPOSITIONS
Proposition A – City of San Diego Fair & Open Competition Ordinance. Amends Municipal Code: YES
Proposition B – City of San Diego Comprehensive Pension Reform Initiative. Amends City Charter: YES
San Diego Pension Reform Goes National
I Appeared on Fox News Channel to discuss the importance of pension reform and the national importance of passing Proposition B.
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