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San Diego’s pension fund expects to earn 7.75 percent a year
Over the long run, San Diego's public safety employees will be paid and pensioned at a rate that the market can bear. If this means issuing C- bonds and taxing residents out of town, then apparently that's where our city leaders are prepared to take us until the market in San Diego is much... smaller. Detroit may not be the last formerly major city to consider shrinking its municipal boundaries to shed neighborhoods that generate no tax revenues. I understand that some people in La Jolla are getting ready to start their own city council; at least initially, they'll have no redevelopment agency skimming off their municipal tax revenues.— October 13, 2010 2:45 p.m.
Last -Minute Legislature Deal Boosts Chances of Massive Chargers Subsidy
I think there is a $200 initiative fee for a recall of a City of San Diego elected official... and there has to be some minimal percentage of voters signing an initiative petition relative to the last general election turnout?— October 13, 2010 2:23 p.m.
A Pawn for Proposition D in San Diego City Hall
If D passes, who gets the increase in sales taxes in any CCDC project area? My bet is that it goes directly to CCDC by state law as recently amended with Hiz Honors blessing, unless there is a multi-jurisdictional side agreement not subject to voter approval and still under wraps to have any portion going to the City of San Diego go anywhere that is not the general fund.— October 13, 2010 2:19 p.m.
The Blur Between Southwestern College and Foundation
RE "I guess it must be true that the more you dig, the more dirt you uncover. The line between publicly funded assets and this private, profit enabling foundation has not been blurred- it has been completely obliterated!": This pretty much sums up a whole basket of examples of questionable public service. North of Southwestern College, we have one of those examples in the Southeastern Economic Development Corporation (SEDC). Nobody really knows what dirt there is to dig because darn near all of it is between the ears of Carolyn Smith, SEDC's deposed former president when she had the power to grant uncounted five-digit consulting contracts without informing the SEDC board of directors. Perhaps a lawsuit for her to get at her previously-denied executive's golden parachute on dismissal may yield valuable details in a future deposition...— October 13, 2010 2:12 p.m.
The Blur Between Southwestern College and Foundation
Just in case anybody remembers about it, see if anybody has a copy of NELLIE G. ANDERSON v. SAN DIEGO COMMUNITY COLLEGE DISTRICT FOUNDATION from the 1980s? The SDCCD Foundation walked away with about $10 million in SDCCD income (siphoned from the District's US Navy teaching contracts involving Navy bases in Orlando, Great Lakes and Meridian?)... the lawsuit finally settled and SDCCD got repaid - after the ex-Foundation turned the original $10 million into $40 million and was allowed to keep the remainder... I don't know if state laws were strengthened after the SDCCDF incident, but it appears that something not used to operating in sunshine has come home to roost at Southwestern College.— October 13, 2010 8:27 a.m.
New San Diego City Ordinance to Lockout Big-Box Stores
Isn't it standard procedure at various redevelopment corporations and agencies in this county to refer to all small neighborhood stores in town, not owned by large corporations with Supreme Court-approved no-limit political advertising dollars, as "blight"?— October 12, 2010 8:39 a.m.
Did Mayor's Blessing Give Away the Proposed Sales Tax Increase Revenue to CCDC?
OK HERE'S THE DEAL: We are now in FANTASY RECALL MODE. So far, it appears that the FANTASY RECALL is now 3-0 in favor of replacing the mayor and/or a majority of the City Council (AKA hat-wearing Redevelopment Agency directors) with a pack of llamas or other replacements of higher ethics/IQ...— October 11, 2010 12:59 p.m.
New San Diego City Ordinance to Lockout Big-Box Stores
I do like the Wal-Mart in College Grove... AND if there is a sales tax increase in San Diego AND state legislation on CCDC taking that tax increase in a tax increment cap raise actually becomes law THEN I'm still shopping in College Grove. Now, if only Wal-Mart was selling 45-watt solar panels at less than $149.99...— October 11, 2010 12:30 p.m.
Did Mayor's Blessing Give Away the Proposed Sales Tax Increase Revenue to CCDC?
I hear it's only $200 on the filing fee...— October 11, 2010 12:16 p.m.
Did Mayor's Blessing Give Away the Proposed Sales Tax Increase Revenue to CCDC?
See comments on Don Bauder's blog post "Last-Minute Legislature Deal Boosts Chances of Massive Chargers Subsidy" for info on Aguirre to USDOJ relating to CCDC budget deal...— October 11, 2010 7:23 a.m.