Matt Potter 3:30 p.m., July 25
- Community Blog
- Encanto Gas Holder
Good News: San Diego Budget Deficit Now Only $77M
Last night's State of the City address informs us that clever maneuverings have reduced the projected city budget deficit over the next 18 months to only $77 million.
The mayor's address included a long list of expensive civic needful things. Very expensive things.
My way for producing a slight budget surplus in about a year will be posted as a blog by start of business, Monday morning.
I will be presenting the text of my proposal to the Encanto Gas Holder subcommittee of the Encanto Neighborhoods Community Planning Group tonight, as part of doing the greatest good for the greatest number of us.
It involves no bankruptcies, no new taxes nor increased old ones, no loss of services, and no city pension claw-backs nor illegal pension reductions. It does call for keeping more of San Diego revenues in San Diego, perhaps $80-$100M per year for our city to use as it sees fit.
It's enough to get rid of the deficit.
If Tony Young gets the San Diego City Council to adopt my proposal as an amending ordinance, that'll save me the rather massive work of getting 100,000 San Diego registered voters to sign a petition.
According to the mayor, "Restoring the trust of the public has not been easy. Their skepticism was well-founded and will always remain with us. Nor is our rebuilding complete. There is always more to do. But the giveaway mentality of past City Councils has been vanquished."
"Hard times give rise to extremist views, but we’ve experienced nothing that warrants the simplistic arguments you hear for bankruptcy, or for decimating our services, or for pinning our hopes on pension take-backs that courts have said are illegal. The people of San Diego deserve better than that. We must not compound our troubles by embracing the false promise of easy answers, or by ignoring hard truths. This isn’t a job for salesmen or sloganeers. It isn’t glamorous. It’s work."
"We have to want this. We have to go out and get it."