San Diego Faces $563 Million Pension Bill as Budget Strains Hit Street Repairs and Services
Updated
Updated · The San Diego Union-Tribune · May 17
San Diego Faces $563 Million Pension Bill as Budget Strains Hit Street Repairs and Services
1 articles · Updated · The San Diego Union-Tribune · May 17
$563 million in additional annual pension contributions is projected to hit San Diego’s budget, adding pressure as the city weighs service cuts.
That pension burden comes alongside $248 million in street repair needs and a proposed rollback in efforts to keep streets clean and orderly.
A separate fight over revenue is also widening the gap: eliminating a trash fee projected to bring in $140 million a year would, critics say, blow a hole in the budget.
The debate has revived scrutiny of 2012’s Proposition B, which sought to curb pension costs before courts overturned it, leaving higher retirement obligations as a central budget issue.
A new trash fee was supposed to help, so why are services facing deeper cuts than ever?
Can San Diego fix its crumbling streets when pension debt costs twice as much?