EconoMeter: Can DeMaio's plan balance budget?
Roger Showley, SAN DIEGO UNION-TRIBUNE
Sunday, November 14, 2010
Kelly Cunningham, National University System
Answer: Yes and No
Among the many budget problems addressed, the councilman’s “Roadmap” lays the groundwork for reforming the biggest shortfall overwhelming the city’s budget, skyrocketing unfunded debt service of the pension system.
Restructuring and reducing net liabilities as recommended by professional budget and actuarial firm evaluations will legally and effectively address these issues threatening to overwhelm general fund revenues.
What the plan does not address is examining the city’s core competencies and continuing to run services that could more effectively be handled by private efforts, such as the airport, convention center, golf courses, and sports stadiums.