Congratulations to Carl DeMaio, Tony Krvaric and everyone else involved in the lengthy trench-fighting process to gather 115,000 valid signatures for this signal reform. Here is Carl DeMaio’s e-mail bulletin just received: “ Moments ago I received the official notice from the City Clerk — our Pension Reform Ballot Measure has qualified for a public vote! Thank you for your role in this huge accomplishment. The Reform Team is on a Roll ! ”
“And we broke a record! According to the official count by the City Clerk, a total of 115,991 valid signatures were contained on our petitions — well in excess of the required 94,500 signatures necessary to force an issue on the ballot. ” /s/ Carl DeMaio
….. WHAT DOES IT DO, SHOULD SAN DIEGO VOTERS APPROVE IT ?
Councilman DeMaio describes what led to this proposal, and what it would do:
“After years of fiscal crisis, service cuts, and higher fees, voters can now impose a comprehensive solution to end unsustainable pension payouts in city government. This ballot measure produces billions in savings for taxpayers by moving new employees into 401(k) retirement accounts and capping the pensionable pay of existing employees.
This win for taxpayers would not have been possible without the tireless work of our entire coalition of businesses, neighborhood groups, and taxpayer advocates representing every political party — who along with current Mayor Jerry Sanders have essential partners in advancing this initiative. ”
And as they say at start of each new Olympiad … “Let the Games Begin.”