SAN DIEGO (AP) — Seven years ago, the nation's eighth-largest city was a poster child for fiscal mismanagement. Criminal investigations were in full swing, its bond rating was suspended, audits were long overdue, and the mayor resigned in disgrace.
San Diego has bounced back since then, but a central question driving budget debates at City Hall is the same: How should it tackle ballooning public pensions?
San Diego and San Jose — California's second- and third-largest cities — are turning to voters for answers. While measures on the cities' June 5 primary ballot propose different remedies, the bottom line is that taxpayers would guarantee retirees much less money.
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