Politics Report: The Mayor’s Choice

Link: https://www.voiceofsandiego.org/topics/politics/politics-report-the-mayors-choice/

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Almost all of that is in the required contribution the city must make to its pension system. Yes, San Diego politics will always somehow find a way back to pensions. Pensions and Mark Fabiani.

Nick Serrano, the mayor’s deputy chief of staff, even clapped back at a critic who accused the mayor of giving more money to the police department while making cuts elsewhere.

“Because the City has a pension obligation we have to fulfill. The increase to the police budget is the City’s pension payment — it’s not a service level increase. Nice try,” Serrano wrote on Twitter.

The pension spike: This year, the city is grappling with a $49.3 million increase in its pension payment. To the extent pensions matter as a civic issue it’s in this: the payments. That amount of money can pay for a lot of things – parks, rec centers, libraries, firefighters and cops, etc.

About $36.8 million of the increase is tapping the city’s general fund, and police make up 42 percent of the general fund. Here’s how pension increases have affected the police department’s budget over the last five years:

Author(s): Scott Lewis, Andrew Keatts

Publication Date: 24 April 2021

Publication Site: Voice of San Diego

San Diego’s pension payment spiking $50M, worsening budget crisis during pandemic

Link: https://www.sandiegouniontribune.com/news/politics/story/2021-01-17/san-diegos-pension-payment-spiking-50m-worsening-budget-crisis-during-pandemic

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San Diego’s annual pension payment will rise by nearly $50 million this June, making it much harder for the tourism-reliant city to balance its budget while tax revenues continue their sharp slide due to the COVID-19 pandemic.

The city’s pension board is requiring a $49.3 million spike in the annual pension payment — from $365.6 million a year to $414.9 million — because estimates of long-term pension debt rose this year from just over $3 billion to $3.34 billion.

Author(s): David Garrick

Publication Date: 17 January 2021

Publication Site: San Diego Union-Tribune