Report: Reform plus sales tax solves SD deficit
A group with strong ties to Mayor Jerry Sanders issued a report Monday that bolsters his argument that San Diego needs a sales tax increase coupled with other changes to employee pensions and operations in order to permanently solve the city's budget woes. Ref. Source 7
Household income falls in San Diego County
The median household income in San Diego County fell by 4 percent last year, outpacing national and statewide declines as Americans struggled with the effects of the recession and its aftermath, according the statistics released Tuesday by the U.S. Census Bureau. Ref. Source 5
In Depth: Measuring the San Diego County economy
Summer was not a good time for the local economy, with faltering job growth, drooping home prices and declining consumer confidence, according to an economic report card developed by the San Diego Union- Tribune. Ref. Source 8
City attorney says freezing base salaries legal
The city of San Diego can legally freeze the base salaries of its workers as a long-term solution that would shave hundreds of millions of dollars off its $2.1 billion pension deficit, according to a legal opinion released Monday by City Attorney Jan Goldsmith. Ref. Source 1
Will California Fall Into 'The Black Hole'?
California only has a short amount of time to fix its troubled economy, with an $84 billion budget and $24 billion deficit, or else it will deteriorate to the point of no return, Sean Egan, founding partner and president of Egan-Jones Rating Company, told CNBC on Monday. Ref. Source 1