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Fall From Frugality Puts San Diego on Fiscal Brink ($1 Billion in the RED )
Los Angeles Times ^ | September 1, 2004 | Tony Perry, Times Staff Writer

Posted on 09/01/2004 7:42:25 AM PDT by Ernest_at_the_Beach

* A city once known for good management has a pension plan more than $1 billion in the red.

SAN DIEGO — Somewhere in tax-fighting heaven, Howard Jarvis must be spinning.

The city that the late sponsor of Proposition 13 once extolled as nonpareil in its stewardship of public money ("If all cities were run as well as San Diego, we wouldn't need Proposition 13") is now caught in a financial crisis of colossal proportions.

(Excerpt) Read more at latimes.com ...


TOPICS: Business/Economy; Extended News; Government; News/Current Events; US: California
KEYWORDS: pensionplan; sandiego

1 posted on 09/01/2004 7:42:26 AM PDT by Ernest_at_the_Beach
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To: NormsRevenge; John Jorsett; farmfriend

fyi


2 posted on 09/01/2004 7:43:28 AM PDT by Ernest_at_the_Beach (A Proud member of Free Republic ~~The New Face of the Fourth Estate since 1996.)
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3 posted on 09/01/2004 7:44:22 AM PDT by Ernest_at_the_Beach (A Proud member of Free Republic ~~The New Face of the Fourth Estate since 1996.)
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To: Ernest_at_the_Beach

Damn--not good.


4 posted on 09/01/2004 7:45:57 AM PDT by faithincowboys
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To: Ernest_at_the_Beach

What does Jarvis have to do with this? Jarvis made his comments when San Diego was well-run.... no?


5 posted on 09/01/2004 7:47:59 AM PDT by Brilliant
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To: faithincowboys
I wonder how much money they are having to spend on upkeep and lost revenue after kicking the Boy Scouts out of their park? Inquiring minds would like to know. I know it's a small sum compared to the whole amount but every little bit contributes.
6 posted on 09/01/2004 7:50:26 AM PDT by reagandemo (The battle is near are you ready for the sacrifice?)
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To: reagandemo

Good question.

Will this hurt the GOP?


7 posted on 09/01/2004 7:53:37 AM PDT by faithincowboys
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To: Ernest_at_the_Beach

My home town. I'm so proud ...


8 posted on 09/01/2004 8:00:53 AM PDT by John Jorsett
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To: faithincowboys
Nope I doubt it will hurt the GOP. This was a liberal Judge and the ACLU aligned with the GAY community's doing. The City Council didn't have the backbone or money to fight them. As usual the kids suffer because the sodomites and their supporters have to have their say and way.
9 posted on 09/01/2004 8:02:17 AM PDT by reagandemo (The battle is near are you ready for the sacrifice?)
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To: John Jorsett

I think this will appear in other localities in California.


10 posted on 09/01/2004 8:02:38 AM PDT by Ernest_at_the_Beach (A Proud member of Free Republic ~~The New Face of the Fourth Estate since 1996.)
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To: Ernest_at_the_Beach

Rodger Hedgecock must love this material.


11 posted on 09/01/2004 8:15:04 AM PDT by wallcrawlr
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To: wallcrawlr
Rodger Hedgecock must love this material.

Indeed he does. He's been alerting people to this situation for over a year now. The mayor keeps coming out with happy talk, the Union Tribune keeps printing it, and the public slumbers on. I imagine they'll start waking up now that the deteriorating roads will start ripping out the undercarriages of their cars.

12 posted on 09/01/2004 11:49:40 AM PDT by John Jorsett
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To: Ernest_at_the_Beach

but they have a great ballpark and convention center!


13 posted on 09/01/2004 2:18:31 PM PDT by BurbankKarl
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To: Ernest_at_the_Beach
The wishy-washy RINO Mayor Murphy, who was AWOL when we needed that fire-fighting helicopter, needs to be defeated in November by County Supervisor Ron Roberts (R)!

Ron Robert's campaign site.

14 posted on 09/01/2004 11:25:23 PM PDT by newzjunkey (Why are we in Iraq? Just point the whiners here: http://www.massgraves.info)
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