From Jon Fleischman at www.flashreport.org…
There is a saying goes something like, “Adversity Breeds Opportunity.”
This came to mind as I was reading stories in the SDUT, on the website of the Voice of San Diego, as well as a great column from FR friend Vince Vasquez on the up and coming SDRostra website — stories all about the massive budget deficit facing the City of San Diego, and the proposal of Mayor Jerry Sanders to try and address the $190 million shortfall.
First and foremost, let me commend Mayor Sanders for putting forward a package that does not seek
That said, a closer look at Sanders’ proposal to balance the city’s books for the next fiscal year calls for over half of the shortfall to be resolved through gimmicks — like we are used to seeing in Sacramento, actually. This is where the politicians look for any possible way to push out to future years current obligations. In the case of the Mayor’s proposed plan, two examples would be “restructuring” millions of dollars in payments on a large legal settlement (pay more later rather than less today) and putting off needed upgrades in city hall’s interior sprinkler system.
Read the entire piece here.